Parent Company Has Two Subsidiaries, Alpha Inc

question 51

Multiple Choice

Parent Company has two subsidiaries, Alpha Inc.and Beta Inc.Beta Inc.has approached a bank for a loan.Which of the following would be the most useful to the bank?

• A)The consolidated financial statements of Parent Company.
• B)The unconsolidated financial statements of Parent Company.
• C)The financial statements of all three companies.
• D)The financial statements of Beta Inc.

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Definitions:

Wilhelm Wundt

Wilhelm Wundt, often considered the father of modern psychology, founded the first psychological laboratory in Leipzig, Germany, marking the formal beginning of psychology as an experimental and scientific discipline.

Psychological Sensation

A subjective experience arising from the mind, often in response to external stimuli.

Aristotle

An ancient Greek philosopher and polymath, whose writings covered many subjects and laid the groundwork for much of Western philosophy and science.

Unconscious Mind

A part of the mind that is beyond awareness, holding desires, fears, and motivations that influence behavior and thought processes.