Parent Company Owns 80% of Subco Ltd A)Option a
B)Option B
C)Option C
D)Option D

question 56

Multiple Choice

Parent Company owns 80% of Subco Ltd.Subco sells almost one-half of its output to Parent Company.How would these sales be reported in Subco's financial statements and Parent's consolidated financial statements? $\begin{array}{ll}\text { Subco's } & \text { Parent's Consolidated } \\\text { Statements } & \text { Statements }\\\text { A) Included } & \text { Included } \\\text { B) Included } & \text { Eliminated } \\\text { C) Eliminated } & \text { Included } \\\text { D) Eliminated } & \text { Eliminated }\end{array}$

• A)Option A
• B)Option B
• C)Option C
• D)Option D

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Definitions:

Membranous Urethra

Portion of the male urethra, approximately 1 cm in length, extending from the prostate gland to the beginning of the penile urethra.

Columnar Epithelium

A type of epithelial tissue consisting of single or multiple layers of tall, elongated cells, often found lining the gut and respiratory tract.

Urethra

The tube that conducts urine from the bladder to the outside of the body in both males and females, and also carries semen in males.

Ureter

Tube conducting urine from the kidney to the urinary bladder.