Which of the Following Is Not a True Statement Regarding

question 51

Multiple Choice

Which of the following is not a true statement regarding SFAS No. 94?

• A)SFAS No. 94 rejected the exclusionary arguments of ARB 51 and ARB 43.
• B)SFAS No. 94 requires all majority-owned companies to be consolidated except when control is only temporary or if the majority owner does not have effective control.
• C)SFAS No. 94 says that neither legal reorganization nor bankruptcy is an instance of non-control by a majority owner.
• D)There is some evidence that the FASB was attempting to "level the playing field" in SFAS No. 94 by requiring companies to provide more information to financial statement users who might not have been aware of debt levels carried by unconsolidated subsidiaries.

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Definitions:

Bullying

Aggressive behavior intended to harm or intimidate others, where there is a power imbalance.

Relational Aggression

A type of aggression in which harm is caused through manipulation or damage to relationships or social status.

Bullying

The act of repeatedly subjecting someone to aggressive behavior, abuse, or intimidation, intended to harm, control, or discomfort the victim.

Prosocial Behavior

Voluntary actions intended to benefit or help others without expecting anything in return.