Which Statement About the "Five Relationships" Is FALSE

question 71

Multiple Choice

Which statement about the "five relationships" is FALSE?

• A) The son was subordinate to the father.
• B) The husband was subordinate to the wife.
• C) The younger brother was subordinate to the elder brother.
• D) The proper relationship must exist between friend and friend.
• E) The people were all subject to the emperor.

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Definitions:

Accounting Standards

Rules and guidelines set by authoritative bodies that dictate how financial transactions and statements should be reported and maintained.

Dividends

Payments made by a corporation to its shareholders, usually as a distribution of profits.

Subsidiary

A company that is completely or partly owned and partly or wholly controlled by another company, known as the parent company.

Parent

In business and accounting, a parent entity controls one or more subsidiary entities.