What Term Is Used to Describe Combining the Financial Statements

question 30

Multiple Choice

What term is used to describe combining the financial statements of all subsidiaries,both foreign and domestic,into the financial statements of the parent?

• A)Convergence
• B)Hedging
• C)Consolidation
• D)Incorporation

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Definitions:

Probability Distribution

An analytical function that specifies all the probable values and their likelihoods for a random variable across a specific span.

Probability Function

A mathematical function that delivers the likelihoods of various potential outcomes for an experiment.

Expected Value

The long-term average or mean of random variables, taking into account all possible outcomes weighted by their probabilities.

Binomial Experiment

A statistical experiment that has exactly two possible outcomes for each trial and a fixed number of trials, where the probability of success is constant.