Examlex
The information below for 2008 in millions was reported by the World Bank. On the basis of this information, which list below contains the correct ordering of GDP per person from highest to lowest?
Control Test
A criterion used to determine whether an entity has control over another entity, which could influence consolidation decisions.
Asset Recognition
The criteria and process for including items as assets in the financial statements.
Line-by-Line Method
A method of accounting where the revenues and expenses of subsidiaries are added line-by-line to those of the parent company for consolidated financial reporting.
Jointly Controlled Operations
Business activities that are controlled and managed by two or more parties under a joint agreement, sharing both the benefits and obligations.
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