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:

Longitudinal Field Studies

Research conducted over a period of time to observe and study changes in a particular group or setting within its natural context.

Consensus

A general agreement among the members of a group or community.

Task Decisions

Decisions that relate specifically to the execution or planning of tasks within an organization or project.

Powerful Stakeholders

Individuals or groups that hold significant influence, resources, or power within or outside an organization, affecting its decisions and actions.