Which of the Following Statements Regarding Consolidation Is False

question 2

Multiple Choice

Which of the following statements regarding consolidation is false?

• A)U.S.GAAP,with few exceptions,require a greater than 50 percent ownership before financial statements of related companies are consolidated into a single set of financial statements.
• B)Under IFRS,consolidation is based on the power of the investor over the investees company.
• C)Under U.S.GAAP,consolidation may occur more often in cases when a company has less than 50 percent ownership than under IFRS
• D)None of the above

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Definitions:

Stronger

Pertaining to having increased physical strength, durability, or emotional or intellectual resilience.

Susceptible

The state or fact of being likely to be influenced or harmed by a particular thing or condition.

Psychoneuroimmunology

The interdisciplinary scientific field studying the interrelation between psychological processes, the nervous system, and the immune system's functioning.

Brain Chemistry

The complex interplay of chemicals and neurotransmitters in the brain that influences mood, behavior, and cognitive functions.