Asked by
CAROLINE ASKEW
on Oct 14, 2024
Verified
A Ltd owns 80% of B Ltd and B Ltd owns 60% of C Ltd.Using the sequential consolidation method,the sequence of consolidation would be:
A) A with B and then consolidated A with C.
B) B with C and then consolidated B with A.
C) A, B and C together.
D) none of the above.
Sequential Consolidation Method
A process in accounting where the financial results of subsidiary companies are consolidated with the parent company's financial statements one after another, usually in the order of acquisition.
Sequence of Consolidation
The order in which different financial statements are combined during the consolidation process of a group of companies.
- Acquire knowledge on the techniques and underlying theories of multiple consolidation along with the sequential consolidation method.
Verified Answer
CX
Learning Objectives
- Acquire knowledge on the techniques and underlying theories of multiple consolidation along with the sequential consolidation method.
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