Free IIA-CIA-PART3-3P Web TestEngine Demo

Exit VCEDump IIA-CIA-PART3-3P CIA Exam Part Three: Business Knowledge for Internal Auditing

Q61 Single choice

Organization X owns a 38 percent equity stake in Organization Y.

Which of the following statements is true regarding the financial treatment for this relationship?

A
Y should be listed as an investment asset on X's balance sheet
B
X must consolidate the financial statements for both organizations
C
Y should be reported as a footnote to X's financial statements
D
Y should not be reported by X as X does not have a controlling interest

Previous Check answer

Question map61 / 62

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62

Current Correct Answered Incorrectly Reviewed 0 Remaining 62

Marked Questions0

No marked questions.

Answered Incorrectly0

No incorrect answers.

IIA-CIA-PART3-3P Web TestEngine demo