Which of the Following Situations,involving Eliminations as Part of the Consolidation

question 21

Multiple Choice

Which of the following situations,involving eliminations as part of the consolidation process,would not have implications for the calculation of minority interests?

• A) The sale of a non-current asset by the subsidiary to the parent.
• B) The payment of a management fee by the subsidiary to the parent.
• C) The sale of inventory by the parent to the subsidiary.
• D) The payment of a management fee by the subsidiary to the parent and the sale of inventory by the parent to the subsidiary.
• E) The sale of a non-current asset by the subsidiary to the parent and the sale of inventory by the parent to the subsidiary

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Definitions:

Inputs

Resources or information entered into a system for processing or for generating a specific output.

Outputs

The results or products generated from a system or process.

Glycolysis

The metabolic pathway that breaks down glucose into pyruvate, producing energy in the form of ATP and NADH, occurring in the cytoplasm.

Flash Drives

Portable storage devices using flash memory for storing data and transferring it between computers without the need for physical disks.