Where the Financial Statements of a Subsidiary Are as of a Date

question 16

Multiple Choice

Where the financial statements of a subsidiary are as of a date that differs from that of the parent, the group must disclose:

• A) the date used by the subsidiary.
• B) the reason for the subsidiary using a different date.
• C) both the date used by the subsidiary as well as the reason for the subsidiary using a different date.
• D) the reason for the parent using a different date.

---

Definitions:

Characteristic Patterns

Distinctive behaviors, thoughts, or emotions that are typical for an individual or group, often forming a recognizable profile.

Disposition

A person's inherent qualities of mind and character, influencing how they think, feel, and behave.

Person-Situation Controversy

The debate concerning whether the person or the situation is more influential in determining a person's behavior.

Environments

The surroundings or conditions in which an organism lives or operates, including natural, social, and built contexts.