Choose the Answer Which Best Rewords the Italicized Portion

question 48

Multiple Choice

Choose the answer which best rewords the italicized portion. If you think the original wording is best, choose option A.
Because of the preemptive strike, Japan was able to carry out its plans for Southwest Asia and the Indonesian Archipelago.

• A)Because of the preemptive strike,
• B)And the preemptive strike,
• C)The preemptive strike
• D)The strike was preemptive

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Definitions:

Consolidated Financial Statements

Consolidated financial statements present the financial position and results of operations for a parent company and its subsidiaries as if they were a single economic entity.

Elimination

In accounting, refers to the removal of intercompany transactions to avoid double counting when consolidating financial statements.

Goodwill

An intangible asset that arises when a company acquires another business for more than the fair value of its tangible and identifiable intangible assets.

Fair Value

The price that would be received for selling an asset or paid for transferring a liability in an orderly transaction between market participants at the measurement date.