Which of the Following Is NOT Omitted from the Consolidated

question 25

Multiple Choice

Which of the following is NOT omitted from the consolidated accounts?

• A) Debt owing to parent company by subsidiary company
• B) Intercompany sales
• C) Management fees charged to the subsidiary by the parent company
• D) Credit sales of the subsidiary

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Definitions:

Legitimised

Made acceptable, lawful, or officially approved, often in a social, legal, or moral context.

Enshrined

Describes something that is preserved or cherished as if sacred, often in reference to principles, rights, or values embedded within legal or moral codes.

Prejudices

Preconceived opinions that are not based on reason or actual experience, often leading to biased attitudes towards individuals or groups.

Three-Component Attribute Model

A framework proposing that attitudes comprise cognitive, affective, and behavioral components, each contributing to the evaluation of an object or idea.