Which of the Following Statements Regarding the Proprietary Concept of Consolidation

question 10

Multiple Choice

Which of the following statements regarding the proprietary concept of consolidation is FALSE?

• A)The proprietary concept is sometimes referred to as proportional consolidation or pro rata consolidation.
• B)The group consists of the assets and liabilities of the parent and the parent's proportional share of the assets and liabilities of the subsidiary.
• C)The consolidated financial statements include all the net assets of a subsidiary.
• D)As the NCI is outside the group, the NCI share of subsidiary equity is not disclosed.

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Definitions:

Discrimination Learning

The process by which an organism learns to respond differently to similar stimuli based on their consequences, highlighting a differentiation capability.

Prefrontal Cortex

A part of the brain located at the front of the frontal lobes, critical for decision making, social behavior, and moderating complex cognitive behavior.

Hull-Spence Model

The Hull-Spence Model is a theory of learning that combines Hull's drive reduction theory with Spence's focus on the role of incentive and reinforcement in the learning process.