Examlex
Which of the following is NOT a recent discovery that has had a huge impact on the understanding of microbiology?
Parent-Company Extension Method
An accounting method where the financial statements of the parent company include its investments in subsidiaries without consolidating their individual financial statements.
IFRS 3
An International Financial Reporting Standard that outlines the accounting requirements for business combinations.
Entity Method
A consolidation method wherein investments in subsidiaries are reported at cost and income from the investment is recognized to the extent of dividends received.
Subsidiary
A company that is controlled by another company, typically through ownership of more than half of its voting stock.
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