Which of the Following Is True About Indexes and Index

question 25

Multiple Choice

Which of the following is true about indexes and index design?

• A)indexes should be created on columns used by WHERE and BY clauses
• B)a composite index is an index on a single column
• C)an index is created for every foreign key by default
• D)indexes usually speed up write operations

Apply the equity and cost methods for reporting interests in jointly controlled enterprises according to ASPE and IFRS.

Prepare and interpret consolidated financial statements, including recognizing and measuring goodwill and non-controlling interests.

Understand the requirements for reporting the liabilities of operating segments under various accounting standards.

Calculate and prepare proportionately adjusted balance sheets for joint operations.

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Definitions:

IFRS

A global set of accounting principles called International Financial Reporting Standards, formulated by the International Accounting Standards Board (IASB) to steer the compilation of financial statements worldwide.

Balance Sheet

A financial statement that summarizes a company's assets, liabilities, and shareholder equity at a specific point in time.

Statement of Financial Position

Another term for the balance sheet, emphasizing its role in showing the financial status of an entity at a point in time.

Current Assets

Assets that are expected to be converted into cash, sold, or consumed within one year or within the business's operating cycle, whichever is longer.