During the Current Year a Partly Owned Subsidiary Has Made

question 18

Multiple Choice

During the current year a partly owned subsidiary has made a transfer from retained earnings to a general reserve.Which of the following lines would appear in the NCI journal relating to the current year transfer?

• A)DR NCI
• B)DR Retained earnings
• C)CR General reserve
• D)CR Transfer to general reserve

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Definitions:

Tympany

A medical term referring to a hollow, drum-like sound produced during percussion of a body part, often indicative of air in the abdominal cavity.

Percussion Notes

Sounds produced by tapping on the surface of the body, used in medical examination to assess the condition of the thorax or abdomen.

Distended Bladder

An enlarged bladder, typically resulting from an accumulation of urine due to an inability to empty fully.

Midline Area

Refers to the central vertical line of the body or body part, dividing it into equal right and left sides.