Under FASB 141R,consolidation Follows Largely Which Theory Approach

question 37

Multiple Choice

Under FASB 141R,consolidation follows largely which theory approach?

• A)Proprietary
• B)Parent company
• C)Entity
• D)Variable

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Definitions:

Rewards Behavior

The process of providing incentives or benefits to encourage certain behaviors, shaping individuals' actions through positive reinforcement.

CEOs

Chief Executive Officers, the highest-ranking individuals in a company or organization, responsible for making major corporate decisions.

Fortune1000 Companies

A list compiled and published by Fortune magazine ranking the 1000 largest US corporations by total revenue for their respective fiscal years.

Autocratic

A leadership style characterized by individual control over all decisions and little input from group members.