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:

Internal Components

The elements or parts within a system, organization, or device that function together to ensure its operation or effectiveness.

Technology

The tools, knowledge, and/or techniques used to transform inputs into outputs.

Rigid and Reactive

Describes a tendency or approach in organizations to be inflexible and to respond rather than anticipate change.

People

The human resources of an organization.