Where the financial statements of a subsidiary are prepared at a date differing from that of the parent, the group must disclose:
A) the date used by the subsidiary.
B) the reason for the parent using a different date.
C) the reason for the subsidiary using a different date.
D) both the date used by the subsidiary as well as the reason for the subsidiary using a different date.

Question

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The Answer of Where the financial statements of a subsidiary are prepared at a date differing from that of the parent, the group must disclose:
A) the date used by the subsidiary.
B) the reason for the parent using a different date.
C) the reason for the subsidiary using a different date.
D) both the date used by the subsidiary as well as the reason for the subsidiary using a different date.

Where the Financial Statements of a Subsidiary Are Prepared at a Date