On Whose Books Are the Consolidating Adjusting Entries Recorded

question 40

Multiple Choice

On whose books are the consolidating adjusting entries recorded?

• A)In the general journal of both the parent and subsidiary companies
• B)In the general journal of the parent company and on the consolidated worksheet
• C)In the general journal of both the parent and subsidiary companies and on the consolidated worksheet
• D)Only on the consolidated worksheet

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Definitions:

Commitment

A state or quality of being dedicated to a cause, activity, or relationship, often implying a strong emotional or intellectual attachment.

Consummate Love

A term introduced by psychologist Robert Sternberg to describe a type of love that combines intimacy, passion, and commitment.

Infatuation

A brief yet deep enthusiasm or fondness for a person or object.

Consummate

To bring to a state of perfection or completion; highly skilled or perfect in every aspect.