Technician a Says Part-Time Four-Wheel Drive Systems Are Manually Operated

question 8

Multiple Choice

Technician A says part-time four-wheel drive systems are manually operated. Technician B says all four-wheel drive systems are automatically controlled without driver involvement. Who is correct?

• A) A only
• B) B only
• C) both A and B
• D) neither A nor B

---

Definitions:

NCI

Non-Controlling Interest, a line item on the consolidated balance sheet that reflects the equity in a subsidiary not attributable directly or indirectly to the parent company.

Consolidation Approach

An accounting method used where a parent company combines its financial statements with those of its subsidiaries as if they comprise a single entity.

Parent-Company Method

An approach in consolidation where the financial statements of the parent company include its subsidiaries' operations by integrating their assets, liabilities, and equity as if they were wholly owned.

Fair Value

The amount one would expect to receive from selling an asset or the cost to transfer a liability in a smooth transaction among market players on the date of valuation.