Which of the Following Is Not a True Statement

question 33

Multiple Choice

Which of the following is not a true statement?

• A)Consolidated reporting emerged in the early 1900s in response to the growth of holding companies.
• B)Consolidation reporting presumes that the accounting fiction of a group entity is more meaningful than defining the reporting entity in legal terms.
• C)There are moves afoot to curtail consolidated reporting.
• D)The relevant circumstance in the reporting of intercorporate equity investments centers on the notion of investor control, but, in practice, the magnitude of ownership has been the guiding criterion.

---

Definitions:

Transition to College

The period of adjustment and adaptation experienced by students as they move from high school to college life.

Young Adults

Individuals in the age range of approximately 18-25 years, navigating the transition from adolescence to full adulthood.

Just Over 50%

A term indicating a slight majority or a proportion slightly more than half in a given context.

Around 70%

Typically used to quantify or estimate a proportion close to seventy out of a hundred.