Which of the Following Methods Uses Procedures Closest to Those

question 61

Multiple Choice

Which of the following methods uses procedures closest to those used in preparing consolidated financial statements?

• A) Fair value through profit or loss (FVTPL).
• B) The cost method.
• C) Fair value through other comprehensive income.
• D)The equity method.

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Definitions:

Dependability

The quality of being trustworthy and reliable, often used to describe products, services, or sources of information.

Total Logistics Cost

The cumulative expenses associated with planning, implementing, and controlling the efficient flow and storage of goods, services, and related information from point of origin to point of consumption.

Materials Handling

The movement, protection, storage, and control of materials and products throughout manufacturing, warehousing, distribution, consumption, and disposal.

Order Processing

The series of actions or steps taken by a business to fulfill and ship orders to customers.