Which of the Following Statements Is Incorrect

question 11

Multiple Choice

Which of the following statements is incorrect:

• A) Adjustments for previous periods' intragroup services affect only statement of financial position accounts, but only if the fees have not been paid.
• B) Adjustments for current period intragroup services affect statement of profit or loss and other comprehensive income accounts and statement of financial position accounts if the fees have not been paid and only statement of profit or loss and other comprehensive income accounts otherwise.
• C) It is necessary to have a tax-effect adjustment when adjusting for intragroup services.
• D) Profits/losses on intragroup services are immediately realised to the group.

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Definitions:

Molting Hormone

A hormone, also known as ecdysone, that triggers the molting process in arthropods, leading to shedding of the exoskeleton and growth.

Corticotropin

Also known as adrenocorticotropic hormone (ACTH), it is a hormone produced by the anterior pituitary gland that stimulates the adrenal cortex.

Androgen Insensitivity Syndrome

A condition where the body cannot respond properly to male sex hormones, leading to female physical traits despite having male genetic makeup.

Testosterone

Hormone secreted by testes; functions in sperm formation and development of male secondary sex characteristics.