Which of the following statement(s) apply when consolidating Statements of financial position?
(a) All inter-company balances should be cancelled

(b) The group share of the whole of subsidiary’s profit is included within group profit

(c) Inter-company profit should be eliminated unless it is realised by sale to an outsider

(d) Subsidiary’s asset values need to be updated at the end of each accounting period

Transcribed Image Text:

W wa&c x b&c ya & d za & b