Consolidation Accounting Is the Way to Combine the Financial Statements

question 71

True/False

Consolidation accounting is the way to combine the financial statements of two or more companies that have the same owners.

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Definitions:

Hindbrain

The part of the mammalian brain that evolved first. Includes the medulla, pons, cerebellum, and reticular formation.

Thalamus

A part of the forebrain that relays information from sensory organs and other brain structures to appropriate sites on the cerebral cortex.

Limbic System

A collection of structures in the brain that includes the hippocampus, amygdala, septum, thalamus, and hypothalamus. These structures produce feelings such as pleasure, pain, anger, sexuality, fear, and affection. Referred to as the “emotional brain” and works in concert with other parts of the brain, such as the frontal lobes.

Histones

Proteins that wrap around DNA to help form chromosomes.