Which of the Following Is True of Consolidated Statements

question 17

Multiple Choice

Which of the following is true of consolidated statements?

• A)They combine the balance sheets,income statements,and statements of cash flows of the parent company with those of its peer group firms.
• B)They combine the balance sheets,income statements,but not the statements of cash flows of the subsidiary company using the consolidation method.
• C)They combine the balance sheets,income statements,and statements of cash flows of the subsidiary company with those of its investee firms.
• D)They combine the balance sheets,income statements,and statements of cash flows of the parent company with those of its controlling interest affiliates.

---

Definitions:

Liver

A vital organ found in vertebrates which performs multiple functions such as detoxification, protein synthesis, and production of biochemicals necessary for digestion.

Hydrogenation

Hydrogenation is a chemical process whereby hydrogen is added to unsaturated bonds in organic compounds, often used to convert liquid oils into solid fats.

Trans Fatty Acids

Types of unsaturated fats that have been chemically altered through hydrogenation, often found in processed foods and linked to various health risks.

LDLs

Low-density lipoproteins, a class of lipoprotein responsible for transporting cholesterol to cells, often referred to as "bad" cholesterol due to its association with arterial plaque buildup.