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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