With regard to preparing Consolidated Statements of financial position which of the following statements is/are correct?
(a) The Consolidated Statement of financial position reports only parent’s goodwill
(b) Any unrealised profit made by a subsidiary should be eliminated from its profit
(c) An amount owed to each other within the group needs to be cancelled
(d) Only the group portion of any unrealised profit need be eliminated

Transcribed Image Text:

wa X C y b&c za & b