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

question 47

Multiple Choice

In the process of consolidating the translated financial accounts 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:

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A concept in psychology referring to the realization or fulfillment of one's talents and potentialities, considered as a drive essential to human beings.

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Members of a Christian denomination known for their door-to-door evangelism, refusal of blood transfusions, and non-participation in secular government.