According to PFRS 10 A. A parent entity is required to consolidate its subsidiaries only for internal reporting purposes. B. A parent entity is required to consolidate its subsidiaries. C. A parent need not consolidate a subsidiary if the subsidiary’s business is different from that of the parent. D. A parent entity is encouraged but not required to consolidate its subsidiaries.
According to PFRS 10 A. A parent entity is required to consolidate its subsidiaries only for internal reporting purposes. B. A parent entity is required to consolidate its subsidiaries. C. A parent need not consolidate a subsidiary if the subsidiary’s business is different from that of the parent. D. A parent entity is encouraged but not required to consolidate its subsidiaries.
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
ChapterA2: Investments
Section: Chapter Questions
Problem 13DQ
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According to PFRS 10
A. A parent entity is required to consolidate its subsidiaries only for internal reporting purposes.
B. A parent entity is required to consolidate its subsidiaries.
C. A parent need not consolidate a subsidiary if the subsidiary’s business is different from that of the parent.
D. A parent entity is encouraged but not required to consolidate its subsidiaries.
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