Finance-related subsidiaries may be excluded from consolidation at the election of the parent company's management.

Name: Finance-related subsidiaries may be excluded from consolidation at the election of the parent company's management.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Finance-related subsidiaries must be consolidated if the parent company has control over them, according to accounting standards such as IFRS and US GAAP, which do not allow for such exclusions at management's discretion.

Finance-Related Subsidiaries May Be Excluded from Consolidation at the Election