According to the 7th Directive of the EU

question 58

Multiple Choice

According to the 7th Directive of the EU,

• A) worldwide consolidation is required.
• B) companies must consolidate domestic subsidiaries, but foreign subsidiaries are optional.
• C) the more conservative cost method must be used to account for subsidiaries for which the parent owns less than a majority interest.
• D) assets must be revalued to book values in the case of an acquisition.

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