When Eliminating an Intragroup Service Which of the Following Would

question 14

Multiple Choice

When eliminating an intragroup service which of the following would appear in the consolidation worksheet entry?

• A) Dr Services expense
• B) Dr Services revenue
• C) Cr Income tax expense
• D) Cr Deferred tax liability.

---

Definitions:

Negligent Misstatement

A false statement made carelessly that is relied upon by another, leading to financial loss or injury.

Contract Term

A provision or condition in a contract specifying the rights and duties of the parties involved.

Intentional Misrepresentation

The act of knowingly presenting false information with the intention of deceiving another party.

Solicitor/Client

Pertains to the professional and confidential relationship between a legal advisor (solicitor) and their client.