According to the 7th Directive of the EU

Multiple Choice

According to the 7th Directive of the EU,

A) worldwide consolidation is required.
B) companies must consolidate domestic subsidiaries, but foreign subsidiaries are optional.
C) the more conservative cost method must be used to account for subsidiaries for which the parent owns less than a majority interest.
D) assets must be revalued to book values in the case of an acquisition.