For Each of the Following Activities, Characteristics, and Applications, Tell

question 77

Short Answer

For each of the following activities, characteristics, and applications, tell whether they are primarily labelled as being found in a centralized organization, a decentralized organization, or both types of organizations.
A)both
B)centralization
C)decentralization
-Gathering information may be very expensive.

• A)both
• B)centralization
• C)decentralization
• -Gathering information may be very expensive.

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Definitions:

Multiple Consolidation Method

A technique in accounting that allows for the combination of financial statements from different entities within a group, through methods such as equity or proportional consolidation.

Revaluation Approach

A method of accounting that involves periodic updating of the carrying value of an asset or liability to its current market value.

Net Assets

The total assets of a company minus its total liabilities, representing the owners' equity.

Indirect Ownership Interests

Refers to ownership in an entity through intermediary entities rather than direct control or ownership of the underlying assets.