As Part of the Consolidation Process,any Unrealised Profits Arising from Intra-Group

question 6

Multiple Choice

As part of the consolidation process,any unrealised profits arising from intra-group merchandising transactions are eliminated.If the intra-group transactions are inter-segment transactions,the effect of this elimination on the segment data reported by subsidiaries will be to:

• A) Reduce the relevant segment result reported by the subsidiary.
• B) Have no effect on the segment result reported by the subsidiary.
• C) Reduce both the segment result reported by the subsidiary and reduce the consolidated profit of the group.
• D) None of the above.

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Definitions:

Seconds

The base unit of time in the International System of Units (SI), defined as the duration of 9,192,631,770 periods of the radiation corresponding to the transition between two hyperfine levels of the ground state of the cesium-133 atom.

Steps to Memory

The process of memory formation, typically involving encoding, storage, and retrieval of information.

Sensing

The process of receiving information from the environment via sensory organs.

Perceiving

The cognitive process of interpreting sensory information from the environment.