Select the Correct Statement from the Following

question 78

Multiple Choice

Select the correct statement from the following:

• A)Consolidation worksheet adjustments are not entered on the accounting records of either Parent or Sub.
• B)Consolidation worksheet adjustments are entered on the accounting records of the Parent but not the Sub.
• C)Consolidation worksheet adjustments are entered on the accounting records of the Sub but not the Parent.
• D)Consolidation worksheet adjustments are entered on the accounting records of both the Parent and the Sub.

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Definitions:

Standardization

The process of establishing common standards within an industry to ensure that products and services are consistent and compatible.

Contract Manufacturer

A company hired to produce goods on behalf of another company, under the hiring company's brand name.

Flexible Manufacturing

The direction of machinery by computers to adapt to different versions of similar operations.