Which of the Following Is Not a Feature of the Entity

question 1

Multiple Choice

Which of the following is not a feature of the entity concept?

• A)That the group is accounted for as a unit,and makes no distinction between shareholders
• B)That the Consolidated financial statement is prepared to be primarily of use to the shareholders of the parent entity
• C)Non-controlling interests are part of equity
• D)Net comprehensive income includes the net income attributable to all shareholders

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Definitions:

Standard Deviation

A measure of the amount of variation or dispersion in a set of values, indicating how much the values deviate from the mean.

Range

The difference between the highest and lowest values in a set of numbers, indicating the spread or dispersion of the dataset.

Empirical Rule

The empirical rule, also known as the 68-95-99.7 rule, states that for a normal distribution, approximately 68% of the data falls within one standard deviation of the mean, 95% within two, and 99.7% within three.

Normal Curve

A symmetrical, bell-shaped curve that represents the distribution of values, deviations, or probabilities for a set of data in which most measurements cluster around the mean.