When Performing a Consolidation,if the Balance Sheet Does Not Balance

question 13

Multiple Choice

When performing a consolidation,if the balance sheet does not balance,

• A)that indicates that the Investment in Subsidiary account on the parent's books should not be adjusted to -0-,because there is excess value represented in the investment.
• B)it is usually because of the noncontrolling interest,as these amounts do not appear on the companies' general ledgers.
• C)the debit and credit totals of the adjusting/eliminating columns of the consolidation working paper should be checked to confirm that they balance,and if so,then there is no need to check the individual line items.
• D)the amount that it is "off" will always equal the noncontrolling interest in the current year net income of the subsidiary.

---

Definitions:

Parameters

Variables listed as part of a function's declaration/definition, representing values passed into the function.

Function Declarator

Describes the name, return type, and parameters of a function, defining its interface in a program.

Function Prototype

A declaration of a function that specifies its name, return type, and its parameters types, used for type checking in languages like C.

Random Numbers

Numbers generated in such a way as to exhibit randomness, often used in simulations, cryptography, and for creating test cases in programming.