Two subsidiaries controlled by the same parent are called what?
ASister companies
BAssociate firms
CJoint ventures
DBranch divisions
Answer & Solution
Correct answer: A. Sister companies
Subsidiaries primarily controlled by the same entity or group are considered sister companies of each other.
Keep practising Consolidated Financial Statements (Ind AS 110)
Browse all Consolidated Financial Statements (Ind AS 110) questions for CA Final, or explore more Financialreporting topics.
Related questions
Which business combination method has been disallowed under US GAAP since 2001?Goodwill can be recognised only through what?Goodwill in consolidated statements is treated as what type of asset?Acquirer pays Rs 60,000 for 100% of net assets with fair value Rs 40,000. Goodwill equals:A buys 100% of B for Rs 20 lakh. B's identifiable net assets at fair value are Rs 9 lakh. Goodwill arises when the price paid for a company exceeds what?A negative goodwill result on acquisition is recognised as what?Consideration transferred in a business combination is measured at: