In 2010, the Thirteen-Year Rule of Britain's Labour Party Came

question 32

Multiple Choice

In 2010, the thirteen-year rule of Britain's Labour Party came to an end as which conservative became Prime Minister?

• A) Margaret Thatcher.
• B) Gordon Brown.
• C) Tony Blair.
• D) David Cameron.
• E) John Major.

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Definitions:

Consolidated Balance Sheet

A financial statement that shows the total assets, liabilities, and shareholders' equity of a parent company and its subsidiaries as if they were a single entity.

Fair Value

The estimated market valuation for an asset or liability based on current market conditions and informed buyer and seller perspectives.

Consideration Transferred

The payment made by an acquiring entity to purchase another entity, which can be in the form of cash, assets, or other financial instruments.

Book Value

The net value of a company’s assets as recorded on its balance sheet, which is calculated by subtracting total liabilities from total assets.