Which of the Following Is Not Given in the Text

question 4

Multiple Choice

Which of the following is not given in the text as a reasons for allocating FCT reserve proportionately between parent entity owners and non-controlling interest (NCI) :

• A)translation involves a data adjustment preceding the consolidation process that involves the owners equity of the foreign operation, and should therefore be allocated to both MI and parent entity
• B)to do so is consistent with the concept of control underlying the consolidation process.
• C)it is more neutral and consistent with the entity view of the consolidation process
• D)that the analogy with consolidation difference is not persuasive

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Definitions:

U.S. Army

The land warfare service branch of the United States Armed Forces, responsible for land-based military operations.

National Resources Planning Board

A U.S. government agency active during the 1930s and early 1940s, part of the New Deal, that conducted research and planning regarding the use of natural resources.

Keynesian Economics

An economic theory stating that government intervention through monetary and fiscal policies is necessary to manage economic cycles and stimulate economic growth.

Laissez-Faire

An economic philosophy advocating for minimal government intervention in business and the economy.