Which of the Following Would Not Be an Elimination on a Work

question 122

Multiple Choice

Which of the following would not be an elimination on a work sheet for a consolidated income statement?

• A) Debit Cost of Goods Sold and credit Sales.
• B) Debit Interest Income and credit Interest Expense.
• C) Debit Common Stock and Retained Earnings and credit Investment in Subsidiary.
• D) Debit Sales and credit Cost of Goods Sold.

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Definitions:

Positive

Affirmative in attitude or quality; indicative of the presence of a particular condition, substance, or feature.

Poliomyelitis

An infectious viral disease that affects the nervous system, potentially leading to paralysis.

Sequela

A condition resulting as a direct consequence of a disease, differing from the initial condition, indicating long-term effects.

Limb Paralysis

The loss of muscle function in one or more limbs, rendering them unable to move or feel anything.