Which of the Following Statements Is Not Correct

question 14

Multiple Choice

Which of the following statements is not correct?

• A) Percentage of control is the term used to reflect the degree of dependency in which a parent company holds its subsidiaries or associates.
• B) The percentage of control is used to determine the consolidation method in establishing the consolidated financial statements.
• C) The percentage of control held by a parent is always equal to the percentage of interest it holds in a given subsidiary or associate.
• D) The percentage of interest is used in the process of consolidation of accounts and calculations to define majority and minority interests.

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Definitions:

Planning

The process of defining objectives, developing strategies, and outlining tasks and schedules to achieve the goals of an individual or organization.

Logically and Methodically

A systematic and reasoned approach to problem-solving or task execution, emphasizing order and rational processes.

Sales Presentation

A pitch or demonstration given by a salesperson to show the benefits and features of a product to a potential buyer.

Confidence

The belief in one's abilities and qualities, often enhancing one's performance in tasks such as sales, presentations, and negotiations.