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.

---

Definitions:

Laboratory Experiments

Controlled tests conducted in a structured and isolated environment to investigate hypotheses by manipulating variables.

External Variables

Factors outside the individual that can influence their behavior or the outcome of a situation, including environmental, social, or economic conditions.

Independent Variables

Factors in an experiment that are deliberately changed or manipulated to investigate their effects on dependent variables.

Dependent Variables

In an experiment, these are the variables that are being tested and measured, expected to change as a result of manipulations to the independent variables.