Which of the Following Is Not an Advantage of Using

question 95

Multiple Choice

Which of the following is not an advantage of using ATM cards?

• A)It is easy and convenient to withdraw funds
• B)Your total banking expenses are likely to be lower
• C)You have access to your account any time of the day
• D)You can bank at remote locations all over the world

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Definitions:

Consolidated Retained Earnings

The portion of earnings not distributed as dividends but retained by the parent company and its subsidiaries for reinvestment.

Intercompany Sales

Transactions of goods and services between subsidiaries within the same parent company, requiring elimination during consolidation for accurate financial statements.

Effective Tax Rate

The average percentage of net income that a person or corporation pays in taxes, effectively showing the portion of income gone to taxes.

Non-Controlling Interest

A minority share of ownership in a subsidiary that is not directly controlled by the parent company, typically reflected in the equity section of the consolidated financial statement.