A Method of Accounting Whereby a Venturer's Share of Each

question 15

Multiple Choice

A method of accounting whereby a venturer's share of each of the assets,liabilities,income and expenses of a jointly controlled entity is combined line by line with similar items in the venturer's financial statements is known as:

• A)proportionate consolidation
• B)equity consolidation
• C)shared consolidation
• D)unilateral consolidation

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Definitions:

Visually Impaired

A condition characterized by significant loss of vision that cannot be fully corrected with glasses or contact lenses, affecting daily activities.

Identify Self

The process or action of confirming or recognizing one's own identity or the act of presenting oneself to others as a certain individual or entity.

Touch

The sense that allows an organism to perceive pressure, vibrations, and texture.

Expressive Aphasia

A neurological condition characterized by difficulty in expressing oneself verbally, often as a result of brain damage.