The Following Is a Listing of Possible Sets of Financial $\quad$

question 11

Multiple Choice

The following is a listing of possible sets of financial statements:
I. $\quad$ Consolidated financial statements of parent entities (those with subsidiaries) - uses consolidation.
II. $\quad$ Separate financial statements of parent entities (single entity financial statements that report on the parent entity alone) .
III. $\quad$ Financial statements of entities that are not parents that apply equity accounting to investments in associates and jointly-controlled entities (single entity financial statements) .
IV. $\quad$ Separate financial statements of entities that are not parents that have investments in associates and jointly-controlled entities (single entity financial statements) - equity accounting not applied.
V. $\quad$ Financial statements of an entity that is not a parent and does not have investments in jointly controlled entities.Neither equity accounting nor consolidation applied.
-Which of the following best reflects the sets of financial statements to be included in the financial report of a public company that does not have investments in associates or jointly controlled entities?

• A)II plus either I or III
• B)I and II, or I
• C)I only
• D)Only I or II

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Definitions:

Emotional Intelligence

The ability to recognize, understand, and manage one's own emotions and the emotions of others in productive and empathetic ways.

Self-esteem

A measure of how much you value, respect, and feel confident about yourself.

Inherited Characteristics

Traits or qualities that are passed down from parents to their offspring through genes.

Self-awareness

The awareness of one's personal attributes, emotions, intentions, and wishes.