Which of the Following Statements Is Correct? Consolidated Statements

question 27

Multiple Choice

Which of the following statements is correct? Consolidated statements:

• A)show all the financial details of the subsidiary companies.
• B)only show the financial position and performance of the parent company.
• C)eliminate all transactions between the companies within the group.
• D)do not show the minority interests.

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Definitions:

Alveolates

Alveolates are a group of protists characterized by the presence of alveoli, small cavities enclosed by membranes located just under the cell surface, and include taxa such as dinoflagellates, apicomplexans, and ciliates.

Brown Algae

A group of photosynthetic, multicellular marine algae, including species like kelp, that are typically brown in color due to the presence of carotenoid pigments.

Single-Celled

Referring to organisms that consist of only one cell, carrying out all the functions necessary for life.

Dinoflagellates

A phylum of microorganisms found in marine and freshwater environments, known for their ability to conduct photosynthesis and for some species, to produce bioluminescence and harmful algal blooms.