When preparing consolidated financial statements, any profit or loss that arises in relation to the intragroup transfer of services is regarded as:
A)Immaterial and does not get adjusted on a consolidation worksheet.
B)Immediately realized.
C)Unrealized.
D)Having no impact on the non-controlling interest, and so ignored for consolidation reporting.

Question

Quizplus · Accepted Answer

The Answer of When preparing consolidated financial statements, any profit or loss that arises in relation to the intragroup transfer of services is regarded as:
A)Immaterial and does not get adjusted on a consolidation worksheet.
B)Immediately realized.
C)Unrealized.
D)Having no impact on the non-controlling interest, and so ignored for consolidation reporting.

When Preparing Consolidated Financial Statements, Any Profit or Loss That