A subsidiary is an entity that is controlled by another entity. A group comprises a parent and all of its subsidiaries. Question 7 Complete Which of the following would not be an operating activity cash outflow? Marked out of 1.00 Acquisition of intangible assets. Flag question Acquisition of goods and services. Employee benefits paid. Taxes paid. Question 8 Complete Marked out of 1.00 Companies Q, V and S are all part of the one economic entity, but are all separate legal entities required to prepare their own financial statements. Company Q sold Company V inventory that cost $65 000 for $83 000. At the end of the same period Company V has three-quarters of that inventory still on hand and the rest has been sold to an entity outside the economic group. At what amount should the inventory remaining in Company V be recorded in Company Flag question V's own financial statements