Multiple Choice
In a business combination the revaluation of non-current assets in the records of the subsidiary means that the subsidiary has effectively adopted the:
A) parent-entity model of consolidation
B) proprietary model of accounting
C) cost model of accounting
D) revaluation model of accounting.
Correct Answer:
Verified
Correct Answer:
Verified
Q14: One year after acquisition date,the goodwill acquired
Q15: When preparing consolidated financial statements,adjustments for pre-acquisition
Q16: The key principle relating to the disclosure
Q17: Explain why revaluations of the assets of
Q18: Explain the function of a consolidation worksheet.
Q19: At the date of acquisition a subsidiary
Q20: Explain how consolidated financial statements are prepared.
Q21: What is the purpose of preparing an
Q22: When a parent entity has previously held
Q23: For entities wanting to use the cost