On the Consolidated Statement of Financial Position,which Balances Differ

question 8

Multiple Choice

On the consolidated statement of financial position,which balances differ
Between the parent-company extension method and the entity method?

• A)Retained earnings and goodwill
• B)Retained earnings and non-controlling interest
• C)Goodwill and non-controlling interest
• D)Common shares and retained earnings

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Definitions:

Triglyceride

A type of fat molecule consisting of three fatty acids linked to a glycerol backbone, stored in the body's fat cells.

Wax

A broad group of organic substances that are solid at room temperature but melt upon heating, often used as protective coatings or in candle making.

Organic Compound

Organic compounds are chemicals that contain carbon bonded to other elements, particularly hydrogen, and are found in living organisms.

Polyunsaturated

Referring to fat molecules having more than one unsaturated carbon bond in the molecule, found in various oils and fatty acids.