Under Which of the Following Consolidation Theories Would the Elimination

question 49

Multiple Choice

Under which of the following Consolidation Theories would the elimination of the Parent's share of any intercompany profits be required for the preparation of Consolidated Financial Statements?

• A)The Ownership Theory.
• B)The Entity Theory.
• C)The Proprietary Theory.
• D)The Parent Theory.

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Definitions:

Synapse

The junction between neurons where chemical signals are transmitted across the gap from one neuron to another.

Sending Neuron

The neuron that transmits a nerve impulse across a synapse to a receiving neuron by releasing neurotransmitters.

Receiving Neuron

A neuron that receives signals from other neurons at a synapse.

Refractory Period

The period of time during which an organ or cell is incapable of repeating a particular action, or the amount of time it takes to return to its original state.