The Requirement for the Full Adjustment Relating to the Effects

question 45

Multiple Choice

The requirement for the full adjustment relating to the effects of intragroup transactions is stated in IFRS consolidated financial statements as follows:

• A)State in a note to the financial statements a quantification of which intragroup transactions have been eliminated.
• B)Intragroup transactions need only be accounted for in the accounts of the parent group.
• C)Eliminate in full intragroup assets and liabilities, equity, income, expenses and cash flows relating to transactions
• D)Eliminate only current transactions affecting sales, and inventories in the acquired intragroup entities.

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Definitions:

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