A method of consolidating that involves a series of single- stage subconsolidations with the final consolidation of the parent after all the subconsolidations are completed is known as:
A)active consolidation
B)multiple consolidation
C)sequential consolidation
D)none of the above

Question

Quizplus · Accepted Answer

The method described is known as sequential consolidation, where subconsolidations are performed one at a time before the final parent consolidation. Active consolidation involves the simultaneous consolidation of multiple subsidiaries, and multiple consolidation involves multiple levels of subsidiaries being consolidated at once.

A Method of Consolidating That Involves a Series of Single-