Assume That a Parent Company Has 4 Subsidiaries

question 13

Multiple Choice

Assume that a parent company has 4 subsidiaries.Under IFRS 3,which of the following statements is true?

• A)All 4 subsidiaries must be reported using the parent-company extension method.
• B)All 4 subsidiaries must be reported using the entity method.
• C)Each subsidiary must be reported using either the parent-company extension method or the entity method.Consistency is not required.
• D)All 4 subsidiaries must be reported using either the parent-company extension method or the entity method.Consistency is required.

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Definitions:

A1 Auditory Area

The primary auditory cortex responsible for processing basic auditory information, located in the temporal lobe.

Chomsky's Theory

A linguistic theory proposed by Noam Chomsky suggesting that the ability to acquire language is innate, governed by the presence of a hypothetical "universal grammar" in the human mind.

Language

A complex system of communication that uses symbols, sounds, and rules to convey information and express thoughts and feelings.

Structural Elements

Components of a structure, such as beams, columns, and girders, that are designed to support loads and provide stability.