Outputs with Zero Sales Value Are Accounted for By

question 73

Multiple Choice

Outputs with zero sales value are accounted for by:

• A)listing these various outputs in a footnote to the financial statements
• B)including the items as a relatively small portion of the value assigned to the products produced during the accounting period
• C)making journal entries to reflect an estimate of possible values
• D)None of these answers is correct.

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Definitions:

Subsidiary

A company controlled by another company, often referred to as the parent company.

Dividend

A payment made by a corporation to its shareholders, usually as a distribution of profits.

Non-controlling Interest

A stake in a company that is less than 50%, implying that the holder does not have control over the company's operations.

Equity

The value of an ownership interest in a company, calculated as company assets minus its liabilities and representing the net assets owned by shareholders.