Solution-Explain the condition to recognize an entity

Explain the condition to recognize an entity

Reference no: EM132572839

Question - A parent is the one that "controls" another entity. In respect of this, answer the following questions in the form of an essay:

1. Explain the condition(s) to recognize an entity as a parent entity.

2. Explain some of the benefits that a parent can obtain from the business combinations.

3. Explain the situations where a parent may not be required to prepare a consolidated financial statement.

Reference no: EM132572839

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Explain the condition to recognize an entity

Reference no: EM132572839

Reference no: EM132572839

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Accounting Basics Questions & Answers

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Coures:- fundamental accounting principles

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Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

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