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If an Entity Presents Both Consolidated Financial Statements and Parent

Question 11

Multiple Choice

If an entity presents both consolidated financial statements and parent entity financial statements in the same financial report, it must present:


A) segment data only on the basis of the parent entity financial statements;
B) segment data only on the basis of the consolidated financial statements;
C) condensed segment data that includes revenue information only;
D) segment information on the basis of both the consolidated and the parent financial information.

Correct Answer:

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