One Problem with Storing Duplicated Data Is the Potential for Inconsistent

question 50

True/False

One problem with storing duplicated data is the potential for inconsistent values.

---

Definitions:

Consolidation Process

The consolidation process involves combining the financial statements of a parent company with those of its subsidiaries to produce a single set of financial statements that represent the financial condition and operations of the entire group as a single entity.

Acquisition

Acquisition refers to the process where one company takes over controlling interest in another company, either through purchase of shares or assets.

Controlling Interest

An ownership interest in a business that allows the holder significant influence or control over its operations and decisions, typically through the possession of more than 50% of voting shares.

Voting Common Stock

Common shares that entitle shareholders to vote on company policies and board member selections.