Which of the Following Situations,involving Eliminations as Part of the Consolidation

question 3

Multiple Choice

Which of the following situations,involving eliminations as part of the consolidation process,would not have implications for the calculation of non-controlling interest?

• A) the sale of a non-current asset by the subsidiary to the parent
• B) the payment of a management fee by the subsidiary to the parent
• C) the sale of inventory by the parent to the subsidiary
• D) the payment of a management fee by the subsidiary to the parent and the sale of inventory by the parent to the subsidiary

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Definitions:

Aging

The process of becoming older, characterized by gradual physical and sometimes cognitive decline.

Universal Sign

A widely recognized or accepted symbol or gesture that conveys a particular message or information across different cultures and languages.

Abdominal Thrusts

An emergency procedure to help clear an airway blockage by applying pressure on the abdomen between the navel and ribcage.

Scapulae

The pair of flat bones located on the dorsal side of the thoracic area, commonly known as shoulder blades.