Which of the Following Intercompany Transactions Would Not Require a Worksheet

question 27

Multiple Choice

Which of the following intercompany transactions would not require a worksheet elimination in the consolidation process?

• A)​The subsidiary's payment of rent to its parent.
• B)​The sale of merchandise by a parent to its subsidiary.
• C)​The amount of a loan to the subsidiary made by its parent.
• D)​None of the above.

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Definitions:

Person-Hours

Represents the amount of work performed by an average worker in one hour, used to measure the amount of effort required to complete a task.

Cultural Pluralism

The coexistence of diverse cultures in a society, where they maintain their cultural differences.

Cultural Assimilation

The process by which individuals or groups from different cultures come to adopt the cultural norms and values of another culture, often the dominant culture in a society.

Strategic Benefits

Pertains to the long-term advantages or positive outcomes that align with and support an organization's overarching goals.