When preparing consolidated financial statements, what is the main reason we eliminate all intercompany transactions between and among a parent company and its subsidiaries?
a. intercompany transactions almost always result in gains, and the conservatism principle says that gains should be deferred, while losses should be recognized immediately.
b. commonly controlled affiliates represent a single economic entity, and an entity cannot engage economically in transactions with itself.
c. the sarbanes-oxley act of 2002 states that affiliated companies should not engage in transactions with each other.
d. management theory suggests that it eliminate problems with self selection.

Amathematical approximation called the rule of 70 tells us that the number of years that it will take something that is growing to double in size is approximately equal to the number 70 divided by its percentage rate of growth. thus, if mexico's real gdp per person is growing at 7 percent per year, it will take about 10 years(=70/7) to double. apply the rule of 70 to solve the following problem. real gdp per person in mexico in 2005 was about $11,000 per person, while it was about $44,000 per person in the u.s. if real gdp per person in mexico grows at the rate of 5 percent per year: how long will it take mexico's real gdp per person to reach the level that the united states was at in 2005? (hint: how many times would mexico's 2005 real gdp per person have to double to reach the u.s.'s 2005 real gdp per person?

An arithmetic progression involves the addition of the same quantity to each number.which might represent the arithmetic growth of agricultural production

The research of robert siegler and eric jenkins on the development of the counting-on strategy is an example of design.