In the Process of Consolidating the Translated Financial Statements of a Foreign

question 29

Multiple Choice

In the process of consolidating the translated financial statements of a foreign operation,the calculation of minority interests will be affected by the translation process in what way?

• A)The minority interests will be allocated a portion of the gain or loss on translation from the statement of comprehensive income.
• B)The effect of transactions between the subsidiary and the minority interests will be eliminated after calculating the unrealised foreign exchange gain or loss implicit in the unrealised profit on the inter-company transaction.
• C)The minority interests will be allocated a portion of the foreign currency translation reserve.
• D)The calculation of the minority interests' is not affected.

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Definitions:

Double-Blind Procedure

A study or experiment design in which both the participants and the experimenters do not know who is receiving a particular treatment, to prevent bias.

Placebo Control Procedure

A method used in research where a group of participants receives a sham treatment, allowing for comparison with a group receiving the actual treatment to determine its effect.

Stereotaxic Procedure

A surgical technique that allows precise positioning of instruments or lesions within the brain using a three-dimensional coordinate system.

Single-Blind Procedure

A research experiment in which only the participants do not know which group (control or experimental) they belong to.