NI Exam CLAD Topic 4 Question 11 Discussion

Actual exam question for NI's CLAD exam

Question #: 11
Topic #: 4

[All CLAD Questions]

Which of the following statements is NOT valid?

AYou can make a Cluster of Clusters.

BYou can make an Array of Arrays.

CYou can make a Cluster of Arrays.

DYou can make an Array of Clusters.

Show Suggested Answer

Suggested Answer: B

by Reena at May 04, 2022, 04:14 PM

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Roosevelt

4 days ago

I think I remember that you can definitely create an Array of Arrays, but I'm not sure about the Cluster of Clusters.

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Dyan

7 days 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.

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Annamae

15 days 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.

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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.

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NI Exam CLAD Topic 4 Question 11 Discussion

Contribute your Thoughts:

Roosevelt

Dyan

Annamae

Maynard