When a Parent-Subsidiary Relationship Exists Between Two Companies

question 34

Multiple Choice

When a parent-subsidiary relationship exists between two companies:

• A)the subsidiary company will keep one set of accounting records covering both companies.
• B)the parent company will keep one set of accounting records covering both companies.
• C)both the parent and the subsidiary will continue to keep their own separate accounting records as if the parent-subsidiary relationship does not exist.
• D)the parent company must use the cost method to account for the subsidiary.

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Definitions:

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This rate measures the amount of energy expended by the body over a certain period of time, including during various activities beyond resting conditions.

Limbic Brain

A complex system of nerves and networks in the brain, involving several areas near the edge of the cortex concerned with instinct and mood. It regulates basic emotions (such as fear and pleasure) and drives (such as those for food and sex).

Sleep Deprivation

The condition of not having enough sleep, which can negatively affect cognitive functions, emotional state, and physical health.

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The frequency or statistical occurrence of traffic accidents in a specified area over a particular period of time.