As Part of the Consolidation Process,any Unrealised Profits Arising from Intragroup

question 29

Multiple Choice

As part of the consolidation process,any unrealised profits arising from intragroup merchandising transactions are eliminated.If the intragroup transactions are intra-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:

Elderly

Persons of advanced age, often defined as being 65 years or older, who may experience unique health, social, and economic challenges.

Geronticide

The act or practice of killing the elderly or allowing them to die by withholding necessary care.

Genocide

The deliberate and systematic extermination of a national, racial, political, or cultural group.

Homicide

Operationally defined as the intentional and sometimes unintentional or accidental killing of another person.