Which of the following statements is correct?
A) In a group or consolidated statement of financial position the share capital of the parent company and its subsidiaries are shown
B) In a group or consolidated statement of financial position the retained earnings of the parent company and its subsidiaries are shown
C) In a group or consolidated statement of financial position the figures for non-current assets and current assets of the parent company and its subsidiaries are added together
D) All of the above statements are correct

Question

Quizplus · Accepted Answer

In a group or consolidated statement of financial position, non-current assets and current assets of the parent company and its subsidiaries are added together. Share capital and retained earnings are shown separately for the parent company and its subsidiaries.

Which of the Following Statements Is Correct