Which Statement Is Characteristic of a Consolidation Worksheet

question 42

Multiple Choice

Which statement is characteristic of a consolidation worksheet?

• A) Consolidation worksheet adjustments are not entered on the accounting records of either the parent or the sub.
• B) Consolidation worksheet adjustments are entered on the accounting records of the parent but not the sub.
• C) Consolidation worksheet adjustments are entered on the accounting records of the sub but not the parent.
• D) Consolidation worksheet adjustments are entered on the accounting records of both the parent and the sub.

---

Definitions:

Historical Data

Refers to collected information and records from past periods used to analyze trends, forecast future occurrences, or serve as a basis for research.

Human Capital

The collective skills, knowledge, and experience possessed by an individual or population, viewed in terms of their value or cost to an organization or country.

Firm-specific Human Capital

The unique skills and knowledge that employees acquire through training and experience, contributing directly to the success of their specific employer.

Technical Human Capital

The skills, knowledge, and experience possessed by an individual or population, viewed in terms of their value or cost to an organization or country, particularly those skills relevant to technical or engineering tasks.