alleryStart learning →Consolidated financial statements present a group as what?
ASeparate entities
BJoint venturers
CA set of branches
DA single enterprise
Answer & Solution
Correct answer: D. A single enterprise
The group is shown as if it were one economic entity.
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Related questions
An enterprise controlled by another enterprise is called a what?An enterprise is NOT an associate if it is what?A 40% held associate revalues assets with a surplus of Rs 2,00,000. Adjustment to carryingA 30% associate sold goods to the investor at Rs 50,000 profit, still unsold. Elimination?A Rs 4,00,000 investment has an equity carrying amount of Rs 4,50,000 when influence ends.Unrecognised loss share is Rs 30,000. The investor's share of the next profit is Rs 50,000Rs 8,00,000 buys 40% of an associate with net assets of Rs 15,00,000. What is the goodwillA 25% holder carries an associate at Rs 1,00,000. The associate loses Rs 6,00,000. Carryin