A Group of Entities Comprised of Kerri Limited (Parent Entity)

question 29

Multiple Choice

A group of entities comprised of Kerri Limited (parent entity) , Georgia Limited (subsidiary entity) and Emily Limited (subsidiary entity) have the following inventories balances.

Which of the following amounts is shown as the consolidated inventories balance in the consolidated financial statements?

• A) $12 000.
• B) $14 000.
• C) $26 000.
• D) $67 000.

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Definitions:

Reference Groups

Groups with whom buyers identify and whose values or attitudes they adopt.

Buyers Identify

The process in which buyers recognize their needs or wants that can be satisfied by purchasing goods or services in the market.

Demographic Segmentation

The division of a market into segments based on variables such as age, gender, income, education level, or marital status to target specific consumer groups.