Which of the following does not represent a change in reporting entity?
A) Changing the companies included in combined financial statements
B) Disposition of a subsidiary or other business unit
C) Presenting consolidated statements in place of the statements of individual companies
D) Changing specific subsidiaries that constitute the group of companies for which consolidated financial statements are presented

Question

Quizplus · Accepted Answer

Disposition of a subsidiary or other business unit is considered a change in the composition of the entity, not a change in the reporting entity itself.

Which of the Following Does Not Represent a Change in Reporting