One of the Steps in Preparing Consolidated Financial Statements Is

question 39

True/False

One of the steps in preparing consolidated financial statements is working out the amounts to be attributed to non-controlling interests to determine the amount to be eliminated in the consolidation process.

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Definitions:

Punishment

The process by which a stimulus or event weakens or reduces the probability of the response that it follows.

Systematic Desensitization

A behavioral therapy technique used to reduce phobic or anxiety responses through gradual exposure to the feared object or situation, paired with relaxation exercises.

Stimulus Generalization

The tendency for the conditioned response to be evoked by stimuli that are similar to the stimulus that was originally conditioned.

Operant Conditioning

A method of learning that employs rewards and punishments for behavior, which leads to changes in behavior.