JoeWeiss4111 JoeWeiss4111

Today at 4:13 AM
Business

Answered

Consolidated financial statements are prepared when a parent-subsidiary relationship exists in recognition of the accounting concept of A. Materiality. B. Entity. C. Verifiability. D. Going concern

Answer :

BenitoMarin BenitoMarin

Today at 4:18 AM

Answer:

The correct answer is letter "B": Entity.

Explanation:

The Accounting Entity principle or Economic Entity principle states that a commonly co-owned group of businesses can entitle to be a single entity with the purpose to generate a consolidated financial statement. A business entity could be considered to be a sole proprietorship, partnership, or corporation.

Answer Link

Other Questions

For the following reaction, 6.12 grams of phosphorus (P4) are mixed with excess chlorine gas . The reaction yields 21.5 grams of phosphorus trichloride . phosph

An example of a(n) is when the U.S. charges Mexico a tax on tomatoes imported into the U.S. as a way to keep those prices higher than domestic tomato prices. Gr

An example of a(n) is when the U.S. charges Mexico a tax on tomatoes imported into the U.S. as a way to keep those prices higher than domestic tomato prices. Gr

12. Monthly electric bills for all households in a city have a skewed probability distribution with mean $90 and standard deviation $25. A simple random sample

Which energy transition may take place in the atom if its electron has absorbed a photon?

One , two , three , four, five, six, seven, eight, nine, tens WHAT NEXT TO TENS ?

Complete the length of the tangent from a point 29 cm away fromthe centre of a circle of radius 20 cm.

Measure the height of different objects at your home.

The mean marks of 6 students is 8 then the total marks obtained by them is

6. Write the given numbers and their number names in both Indian and Internation:International systemNumberIndian system(a) 234544(b) 3458901(c) 74533215(d) 506

A certain rod in an internal combustion engine is supposed to be 5.9 inches. The tolerance on the rod is 0.0006 inches. If x represents the length of a rod, th

"Oppositely charged parallel plates are separated by T 5.33 mm. A potential difference of 600 V exists between the plates. (a) What is the magnitude of the elec

A 30-turn coil has a diameter of 11 cm. The coil is placed in a spatially uniform magnetic field of magnitude 0.30 T so that the face of the coil and the magnet

A business consultant suggested that Doug’s Dens build a master schedule at the subassembly level (i.e., for the floor, roof, and frame assemblies) rather than

a proton moves with constant velocity in the + x direction through a region of uniform electric and magnetic fields. the magnetic field in the region is in the

The 3rd bright fringe of a double slit interference pattern is 30.0 cm above the central bright fringe. If the angle from the horizontal to this 3rd bright frin

A thermocouple behaves approximately as a first-order system. The element is initially at a temperature of 40°C and suddenly subjected to a temperature of 80°C.

What idea about government did the Founding Fathers include in the Preamble to the Constitution?

In 1932 Franklin Roosevelt campaigned on the promise that his administration would demonstrate particular concern for a. small businesspeople and entrepreneurs.

What type of professional service engagement was the assignment completed by the team of auditors led by Katelyn Light? Defend your answer. Which professional s