On the Statement of Financial Position All of the Following

question 1

Multiple Choice

On the statement of financial position all of the following are reported as investments except

• A) Bonds, ordinary shares, and long-term notes.
• B) Non-controlling interest.
• C) Pension funds.
• D) Non-consolidated subsidiaries.

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Definitions:

Moral Obligation

A sense of duty or ethical responsibility not enforceable by law but considered binding in personal or social contexts.

Nominal Consideration

A token amount shown in a contract to indicate that a contract exists, often used to satisfy the legal requirement for a contract to be binding but not intended as a true economic value exchange.

New Car

Refers to a vehicle that has not been previously registered and comes directly from a dealership or manufacturer.

Brother

A male sibling or a man or boy in relation to other sons and daughters of his parents.