Which One of the Following Accounts Would Not Appear in the Consolidated

question 84

Multiple Choice

Which one of the following accounts would not appear in the consolidated financial statements at the end of the first fiscal period of the combination?

• A) Goodwill.
• B) Equipment.
• C) Investment in Subsidiary.
• D) Common Stock.
• E) Additional Paid-In Capital.

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Definitions:

Actual Results

The outcomes or data obtained from real operations or experiments, not based on forecasts or estimates.

Direct Material Price Variance

The difference between the actual cost and the standard cost of raw materials used in the production process.

Purchasing Manager

A professional responsible for overseeing the acquisition of goods and services for a company, ensuring the best deals in terms of quality and price.

Sales Manager

A professional responsible for directing and overseeing a company's sales team and strategies.