Which of the Following Accounts Only Appears on Group Financial

question 46

Multiple Choice

Which of the following accounts only appears on group financial statements?

• A)Non-controlling interest
• B)Amounts receivable by a parent company from a subsidiary
• C)Profit earned by a subsidiary from a sale made to its parent
• D)Total group revenue

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Definitions:

Sole Proprietorships

A business structure where a single individual owns and operates the business, assuming all liabilities and responsibilities.

Business Organization

A structured entity formed for the purpose of conducting commercial, industrial, or professional activities, with structures ranging from sole proprietorships to corporations.

Triple Bottom Line

A framework or theory that recommends companies commit to focus on social and environmental concerns just as they do on profits, encapsulating three Ps: profit, people, and planet.

Corporate Form

A legal structure for organizing a business as a separate legal entity, which can own property, enter into contracts, sue and be sued, distinct from its owners (shareholders).