A Parent and Its Subsidiary Adopt Different Bases for Measuring

question 22

Multiple Choice

A parent and its subsidiary adopt different bases for measuring property plant and equipment assets.On consolidation the financial statements must reflect:

• A) the accounting policy of the group
• B) the accounting policy of the subsidiary
• C) either the accounting policy of the parent or the subsidiary
• D) none of the above

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Definitions:

Contagious Disease

An illness that can be transmitted from one individual to another through direct or indirect contact.

STIs Spread

Refers to how sexually transmitted infections are transmitted from person to person through sexual contact, including vaginal, anal, and oral sex.

Sexual Partners

Individuals with whom one engages in sexual activities, highlighting various types of intimate physical relationships.

Unused Functioning

Refers to capacities or abilities of an individual or system that are not currently being utilized or activated.