Select the Correct Statement from the Following

question 78

Multiple Choice

Select the correct statement from the following:

• A)Consolidation worksheet adjustments are not entered on the accounting records of either Parent or Sub.
• B)Consolidation worksheet adjustments are entered on the accounting records of the Parent but not the Sub.
• C)Consolidation worksheet adjustments are entered on the accounting records of the Sub but not the Parent.
• D)Consolidation worksheet adjustments are entered on the accounting records of both the Parent and the Sub.

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Definitions:

Mean

The average of a set of numbers, calculated by dividing the sum of all numbers by the count of numbers.

Investment

The allocation of resources, usually financial, in expectation of generating an income or profit.

Portfolio Expected Return

The weighted average of the expected returns of the assets in an investment portfolio.

Equal Investment

A strategy where equal amounts of capital are allocated to each investment within a portfolio.