Multiple Choice
Consistent with the entity concept,full consolidation requires that:
A) the parent ownership proportion of the subsidiary income, expenses, assets, liabilities and equity are included in the consolidated financial statements
B) the non controlling ownership interests are included in the consolidated financial statements
C) The full amount of income, expense, assets, liabilities and equity are included in the consolidated financial statements
D) none of the above
Correct Answer:

Verified
Correct Answer:
Verified
Q2: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1434/.jpg" alt=" -Using the fair
Q4: Under current accounting standards,it is not possible
Q6: Which of the following statements is correct?<br>A)
Q7: In the calculation of NCI share of
Q8: The shareholders of the parent entity in
Q9: The shareholders' interest in a subsidiary that
Q12: Under full consolidation,only the income,expenses,assets,liabilities and equity
Q18: Under the entity concept of consolidation,the NCI
Q22: The consolidation technique of NCI allocation is
Q29: Where the full goodwill on acquisition is