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Alekssandra [29.7K]
3 years ago
11

Consolidated financial statements are prepared when a parent-subsidiary relationship exists in recognition of the accounting con

cept of A. Materiality. B. Entity. C. Verifiability. D. Going concern
Business
1 answer:
soldier1979 [14.2K]3 years ago
6 0

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.

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Question 9 of 10 Which of the following is a good example of responsible concern for consumer rights? O A. A construction compan
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The Yum and Yee food truck near the business school serves customers during lunch hour by taking orders and making fresh batches
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Answer:

Setup time = 2.5 min. per order

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Explanation:

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c) Utilization:

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5 0
3 years ago
Which economic indicator measures inactivity rather than activity ?
Reil [10]
B, unemployment rate.
5 0
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Select all that apply Transfer prices: (Check all that apply.) Multiple select question. are not used in investment centers. are
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Answer:

B. are transfers within the same company.

C. have a direct impact on division profits.

Explanation:

Transfer prices can be defined as the amount of money (prices) that is being charged by a division in a business firm for the goods and services provided to another division within the same business firm. Thus, the output of the selling division automatically becomes the input of the buying or receiving division.

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3 0
3 years ago
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