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NI CLAD Exam - 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?

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Suggested Answer: B

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

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Terrilyn
4 months ago
I disagree, I thought all of them were valid!
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Matthew
4 months ago
Definitely A is valid, no doubt about it.
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Kris
4 months ago
Wait, can you really make a Cluster of Clusters? Sounds weird!
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Lezlie
4 months ago
I think C is the one that's not valid.
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Mabel
5 months ago
A and B are valid, but D seems off.
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Delmy
5 months ago
I thought all combinations were possible, but now I'm second-guessing if a Cluster of Clusters is actually allowed.
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Essie
5 months ago
I’m leaning towards D being the invalid one, but I can't recall the exact rules about Clusters and Arrays.
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Detra
5 months 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.
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Roosevelt
5 months 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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Annamae
5 months 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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Maynard
5 months 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.
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Dyan
5 months 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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