Deal of The Day! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions

NI CLAD Exam - Topic 4 Question 11 Discussion

Posted by Reena on May 04, 2022 at 03:14 PM

Which of the following statements is NOT valid?

Suggested Answer: B

Get Premium CLAD Questions as Interactive Web-Based Practice Test or PDF Real Exam Format Detailed Explanations Instant Access Get Your Practice Test
12 comments · newest first
TE
Terrilyn 11 months ago
I disagree, I thought all of them were valid!
MA
Matthew 12 months ago
Definitely A is valid, no doubt about it.
KR
Kris 12 months ago
Wait, can you really make a Cluster of Clusters? Sounds weird!
LE
Lezlie 12 months ago
I think C is the one that's not valid.
MA
Mabel 1 year ago
A and B are valid, but D seems off.
DE
Delmy 1 year ago
I thought all combinations were possible, but now I'm second-guessing if a Cluster of Clusters is actually allowed.
ES
Essie 1 year ago
I’m leaning towards D being the invalid one, but I can't recall the exact rules about Clusters and Arrays.
DE
Detra 1 year ago
I practiced a similar question last week, and I feel like making a Cluster of Arrays is valid, but I'm confused about the Array of Clusters.
RO
Roosevelt 1 year ago
I think I remember that you can definitely create an Array of Arrays, but I'm not sure about the Cluster of Clusters.
AN
Annamae 1 year ago
Ah, I remember learning about these tax allowances in my accounting class. I think I can narrow it down to the correct answer if I review the key details.
MA
Maynard 1 year ago
Okay, let me think this through. The question is asking about the elimination of the intercompany balance, so I need to focus on that. I'm pretty sure the answer has to do with the entity hierarchy and the [Elimination] value members, but I'm not 100% sure which option is correct.
DY
Dyan 1 year ago
I'm a bit confused. Is DACA or OBRA also possible here? I want to make sure I fully understand the different laws before answering.
0/2000 characters

Save Cancel