The Starting Point for the Preparation of the Consolidated Financial

question 42

Multiple Choice

The starting point for the preparation of the consolidated financial statements is:

• A)The individual company statements at that date.
• B)The previous year's consolidated financial statements.
• C) The parent company's individual statements at year end.
• D)The subsidiary company's individual statements at that date.

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Definitions:

Judgments

The act or process of forming an opinion, conclusion, or decision after considering the available evidence or facts.

Attractiveness

The quality of being pleasing or appealing to the senses, particularly in a physical or aesthetic sense.

Propinquity Effect

The tendency for people to form close relationships with those who are geographically close to them.

Attracted

A feeling or response of being drawn towards someone or something due to their qualities, appearance, or characteristics.