Use This Figure for the Questions That Follow

question 162

Multiple Choice

Use this figure for the questions that follow.

-What is the predominant language in Latin America, based on the number of people who speak it as a first language?

• A) Aymara
• B) Mayan
• C) Miskito
• D) Portuguese
• E) Spanish

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Definitions:

Acquisition Method

An accounting technique used in consolidating the financial statements of a group involving a parent and its subsidiaries, recognizing and measuring the assets acquired and liabilities assumed at their fair value on the acquisition date.

Purchase Method

An accounting method used in mergers and acquisitions where the purchasing company records the assets and liabilities of the acquired company at fair market value.

Consolidated Balance Sheet

A financial statement that shows the aggregated financial position of a parent company and its subsidiaries.

Minority Interests

Shareholders' equity in a subsidiary not wholly owned by the parent company, representing minority shareholders' proportion.