In the Terminology Suggested by the FASB, Which of the Following

question 62

Multiple Choice

In the terminology suggested by the FASB, which of the following terms refers to the accounting entity that results from a business combination?

• A)Parent enterprise
• B)Combined enterprise
• C)Consolidated enterprise
• D)Controlling enterprise

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Definitions:

Isotopes

Variants of a particular chemical element which have the same number of protons in their nuclei but differ in the number of neutrons, leading to different atomic masses.

Atomic Number

The number of protons in the nucleus of an atom, which defines the chemical element.

Mass Numbers

The total number of protons and neutrons in the nucleus of an atom, indicating its atomic mass.

Subatomic Particles

Particles smaller than atoms, including protons, neutrons, and electrons, which are the building blocks of atoms.