Which of the Following Statements Is Not Correct

question 39

Multiple Choice

Which of the following statements is not correct?

• A) A group comprises a parent and all of its subsidiaries.
• B) Consolidated financial statements are financial statements of a group of entities presented as if that group was acting as a single economic entity.
• C) A subsidiary is an entity that is controlled by another entity.
• D) A parent is an entity that has more than one subsidiary.

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Definitions:

Argon

A noble gas element with atomic number 18, colorless, odorless, and inert, used in lighting and welding due to its non-reactive nature.

Atomic Symbol

A one or two-letter notation representing an element on the periodic table.

Lithium

A soft, silver-white metal, the lightest metal and the lightest solid element, used in batteries and certain medicines.

Transition Metals

Elements found in the d-block of the periodic table that have the capability to form positive ions with incomplete d-orbitals.