If a Consolidation Is Done at the Day of Acquisition

question 33

Multiple Choice

If a consolidation is done at the day of acquisition, only the ______________ need be adjusted since all of the subsidiaries equity will be pre-acquisition and therefore eliminated.

• A)statement of financial position
• B)income statement
• C)cash flow statement
• D)statement of changes in equity.

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Definitions:

Employers

Individuals or organizations that hire and pay employees for their labor or services.

Same-Sex Harassment

Unwelcome behavior or actions based on sexual orientation, directed at an individual by someone of the same sex.

Title VII

A section of the Civil Rights Act of 1964 prohibiting employment discrimination based on race, color, religion, sex, or national origin.

Civil Rights Act

A landmark piece of legislation aimed at outlawing discrimination based on race, color, religion, sex, or national origin.