A Consolidation Adjustment Will Have a Tax Effect If

question 17

Multiple Choice

A consolidation adjustment will have a tax effect if:

• A) it adjusts the carrying amount of an asset.
• B) it adjusts the carrying amount of a liability.
• C) it recognises assets and liabilities not recorded in accounting records of group companies.
• D) all of the above.

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Definitions:

Gordon Allport

An influential psychologist recognized for his theory of personality that emphasized individuality and the positive aspects of human nature.

Recommendation

A suggestion or proposal given by someone based on their knowledge, experience, or understanding of a situation or product.

Source Traits

Fundamental personality characteristics that are considered inherent and stable over time, from which other traits arise.

Raymond Cattell

was a psychologist known for his work in personality theory, including the development of the 16 Personality Factor (16PF) questionnaire.