When preparing consolidated financial statements, any profit or loss that arises in relation to the intragroup transfer of services is regarded as:
A) immaterial and does not get adjusted on a consolidation worksheet.
B) immediately realised.
C) unrealised.
D) having no impact on the non-controlling interest, and so ignored for consolidation reporting.

Question

Quizplus · Accepted Answer

The Answer of When preparing consolidated financial statements, any profit or loss that arises in relation to the intragroup transfer of services is regarded as:
A) immaterial and does not get adjusted on a consolidation worksheet.
B) immediately realised.
C) unrealised.
D) having no impact on the non-controlling interest, and so ignored for consolidation reporting.

When Preparing Consolidated Financial Statements, Any Profit or Loss That