How Does U

question 13

Multiple Choice

How does U.S.GAAP differ from IFRS with respect to presenting consolidated financial statements?

• A)U.S.GAAP requires all controlled subsidiaries to be consolidated, whereas IFRS allows for optional consolidated financial statements.
• B)IFRS excludes subsidiaries acquired for disposal within one year from the consolidation requirement, whereas U.S.GAAP requires all controlled subsidiaries to be consolidated.
• C)U.S.GAAP allows a company to exclude subsidiaries it is holding for sale from the consolidation process.
• D)IFRS requires the parent company to own 50% of the voting shares of the subsidiary before consolidation is allowed.

---

Definitions:

Good A

A placeholder term that typically represents a general or unspecified item in economic models or discussions.

Good B

A term representing a specific product or service under consideration in an economic model or market analysis.

Marginal Utility

The increased fulfillment or advantage obtained by using one more unit of a good or service.

Bundle A

Not a standardized economic term without context; appears to be a placeholder name for a specific set of goods and services.