Which of the Following Statements Is Incorrect

question 18

Multiple Choice

Which of the following statements is incorrect?

• A)a single unit,or group,is often referred to as an "equitable entity"
• B)the process of consolidation involves adding together the accounts of the controlling entity and the entities being controlled,after eliminating any intragroup shareholdings and intragroup transactions.
• C)consolidated accounts provide the operating results and financial position of the entities as a single unit in their trading and dealings with entities outside the group.
• D)a single unit,or group,is often referred to as an "economic entity"

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Definitions:

RAM

Stands for Random Access Memory, a type of computer memory that can be accessed randomly; any byte of memory can be accessed without touching the preceding bytes.

Machine Language

The fundamental language consisting of binary code that can be directly understood and executed by a computer's central processing unit (CPU).

Pascaline

An early mechanical calculator invented by Blaise Pascal in the 17th century, capable of performing addition and subtraction.

Main Memory

The primary storage area in a computer where data and programs that are in active use are stored; also known as RAM (Random Access Memory).