Which of the Following Is NOT Omitted from the Consolidated

question 41

Multiple Choice

Which of the following is NOT omitted from the consolidated accounts?

• A) debt owing to parent company by subsidiary company
• B) intercompany sales
• C) management fees charged to the subsidiary by the parent company
• D) credit sales of the subsidiary.

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Definitions:

Cohesiveness

The degree to which members of a group or team are united in pursuing common goals and how well they stick together.

Diverse Groups

consist of individuals from a wide range of backgrounds, cultures, and perspectives, bringing varied experiences and ideas to the group.

Deep Diversity

A concept that goes beyond surface-level diversity to include a mix of individuals with different values, beliefs, experiences, and cognitive styles.

Surface Diversity

Observable differences among individuals in a group, such as ethnicity, age, gender, and physical abilities, without necessarily considering deeper aspects like values or experiences.