All of the Following Statements Regarding the Sale of Subsidiary

question 4

Multiple Choice

All of the following statements regarding the sale of subsidiary shares are true except which of the following?

• A) The use of specific identification based on serial number is acceptable.
• B) The use of the FIFO assumption is acceptable.
• C) The use of the averaging assumption is acceptable.
• D) The use of specific LIFO assumption is acceptable.
• E) The parent company must determine whether consolidation is still appropriate for the remaining shares owned.

---

Definitions:

Innovation

Something new that inspires social change (e.g., cellphones).

Diffusion

Occurs when cultural items or practices are transmitted from one group to another.

Discovery

Occurs when something previously unrecognized or understood is found to have social or cultural applications.

Symbolic Interactionists

sociologists who focus on the symbolic meanings that individuals ascribe to objects, events, and behaviors in social interactions.