_____ The disaggregated reporting format of presenting a subsidiary's financial statement amounts in the consolidated statements would not serve any useful purpose when the subsidiary is
A) In a different line of business from the parent.
B) In a different line of business from the parent and losing money.
C) Restricted from paying dividends to the parent by regulatory authorities.
D) Located in a foreign country.
E) None of the above.

Question

Quizplus · Accepted Answer

The disaggregated reporting format can be useful in all the scenarios listed (A through D) as it provides detailed information that can help in understanding the financial health and operations of the subsidiary in relation to the parent company, regardless of the subsidiary's business line, profitability, dividend restrictions, or location.

_____ the Disaggregated Reporting Format of Presenting a Subsidiary's Financial