In Respect to the Intragroup Transfer of Services Any Profit

question 15

Multiple Choice

In respect to the intragroup transfer of services any profit or loss is regarded as:

• A) insignificant and so not adjusted when performing NCI calculations;
• B) extraordinary and so ignored for consolidation reporting purposes;
• C) immediately realised;
• D) unrealised.

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Definitions:

Mens Rea

A legal principle referring to the intent or knowledge of wrongdoing that constitutes part of a crime, as opposed to the action itself.

Latin

An Indo-European language of the Italic branch originally spoken by the Latins in Latium and Ancient Rome.

Ad Hominem

A fallacy in argumentation where the argument is directed against a person’s character rather than the position they are maintaining.

Certiorari

A writ by which a higher court reviews the decision of a lower court, often used in the context of the United States Supreme Court.