Which Concept Is Applied If One Considers That the Consolidated

question 1

Multiple Choice

Which concept is applied if one considers that the consolidated financial statements are established mainly for internal decision making-purposes?

• A) Property concept.
• B) Parent company concept.
• C) Entity concept.
• D) Parent company extension concept.

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Definitions:

Sustainability

The practice of conducting business in a way that is environmentally responsible and resource-efficient, aiming to reduce the environmental impact and ensure long-term ecological balance.

Supply Chain Surplus

The difference between the value generated by the final product and the costs incurred in making the product available in the market, indicating overall supply chain efficiency.

Emissions Tax

A tax imposed on companies based on the amount of pollution their operations emit, aimed at encouraging environmentally friendly practices.

Progressive Tax

A tax system in which the tax rate increases as the taxable amount increases, meaning higher income earners pay a higher rate of tax.