Subsidiary Corporation Purchases a Used Machine from Parent Corporation in an Intercompany

question 77

Multiple Choice

Subsidiary Corporation purchases a used machine from Parent Corporation in an intercompany transaction. Which of the following events is a corresponding event for the intercompany transaction?

• A)the purchasing group member depreciating the machine
• B)the purchasing group member selling the machine for cash to a nonmember of the group
• C)the departure of the purchasing group member from the affiliated group when its stock is sold to a nonmember of the group
• D)All of the above are recognition events.

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Definitions:

Social Isolation

The state of being separated from others and lacking a sense of social belonging or fulfillment.

Two Degrees Of Separation

The concept that there are only two intermediary relationships or steps in the social network that separates any two individuals.

Relationship

The way in which two or more concepts, objects, or people are connected, or the state of being connected.

Isolated

Being far away from other places, buildings, or people; remote or separated, often leading to limited access to resources or social interaction.