Which One of the Following Is Not a Change in a Reporting

question 365

Multiple Choice

Which one of the following is not a change in a reporting entity?

• A)the purchase of a new subsidiary
• B)presenting consolidated statement for the first time
• C)changing the subsidiaries that make up the group of entities presented in the financial statements
• D)changing the entities in combined financial statements

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Definitions:

Quantifier Negation

The act of negating the quantifier in a logical statement, which changes the scope or range of the statement.

Universal Generalization

A conclusion drawn about all things in a certain category, based on observations or evidence from some members of that category.

Existential Instantiation

A logical rule inferring the existence of at least one instance of a predicate; used in proofs to show something exists.

Universal Instantiation

A principle in logic that allows for the deducing of a statement about a specific instance from a general statement that applies to all instances.