Which Statement About the Differences Between Consolidation Methods Permitted Under

question 42

Multiple Choice

Which statement about the differences between consolidation methods permitted under ASPE and IFRS is true?

• A) IFRS and ASPE both require the use of the entity theory or the parent company extension theory.
• B) IFRS and ASPE both require the use of the parent company extension theory.
• C) IFRS permits either the entity theory or the parent company extension theory; ASPE requires the entity theory.
• D)IFRS permits either the entity theory or the parent company extension theory; ASPE requires the parent company extension theory.

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Definitions:

Conflict Goals

The desired outcomes or objectives individuals or groups seek to achieve in a conflict situation.

Topic Goals

Objectives or aims that are specific to the subject or matter at hand, focusing on achieving particular outcomes related to the topic.

Identity Issues

Problems or conflicts arising from a person's understanding, acceptance, or perception of their own self-identity.

Collaborative

Involving or characterized by joint work, effort, or cooperation among parties to achieve a common goal or objective.