Under FASB 141R,consolidation Follows Largely Which Theory Approach

question 37

Multiple Choice

Under FASB 141R,consolidation follows largely which theory approach?

• A)Proprietary
• B)Parent company
• C)Entity
• D)Variable

---

Definitions:

Equilibrium Price

The price at which the quantity of a product demanded by consumers equals the quantity supplied by producers.

Diagram

A simplified drawing showing the appearance, structure, or workings of something.

Market Supply Curve

A graphical representation showing the total quantity of a good that sellers are willing and able to sell at various prices.

Output

The total quantity of goods and services produced by an economy, company, or process over a specific period.