Consolidated Financial Statements Are Useful to All of the Following

question 169

Multiple Choice

Consolidated financial statements are useful to all of the following except

• A) creditors of subsidiary companies.
• B) management of the parent company.
• C) stockholders of the parent company.
• D) board of directors of the parent company.

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Definitions:

Observable Behavior

Actions or reactions of an individual, in response to external or internal stimuli, that are visible and measurable.

Sigmund Freud

An innovator in neurology from Austria, he introduced psychoanalysis as a method to heal psychopathologies through verbal exchanges between a patient and a psychoanalyst.

Functions

Distinctive roles or activities that an entity or process performs or serves in a system or organization.

William James

An American psychologist and philosopher who is considered one of the founding figures of modern psychology.