Though a subsidiary is only partly owned, the whole of the subsidiary’s sales, cost of sales and expenses are aggregated with those of the parent to report the group’s income and expenses. Which one or mor of the following is/are the justification for this?

(a) That is how it is expected to be done

(b) That is a legal requirement

(c) Otherwise the group would appear to be doing poorly with adverse effect on share price

(d) To report the income generated by and expenses incurred by the group as a whole

Transcribed Image Text:

wb & d x b ya & c z d