Which of the Following Statements Is Not Accordance with AASB

question 45

Multiple Choice

Which of the following statements is not accordance with AASB 131 "Interests in Joint Ventures"?

• A) A venturer is required to recognise its interest in a jointly controlled assets using proportionate consolidation or the alternative method, equity accounting.
• B) A venturer is required to recognise its interest in a jointly controlled entity using proportionate consolidation or the alternative method, equity accounting.
• C) In jointly controlled operations, when the venturer presents consolidated financial statements no adjustments or other consolidation procedures are required because the assets, liabilities, income and expenses are recognised in the financial statements of the venturer.
• D) In jointly controlled assets, when the venturer presents consolidated financial statements no adjustments or other consolidation procedures are required because the assets, liabilities, income and expenses are recognised in the financial statements of the venturer.
• E) None of the given answers.

---

Definitions:

Feminist Question

Involves inquiries and debates centered around women's rights, gender equality, and the examination of societal structures from a feminist perspective.

Sexual Difference Theory

Refers to theories in various disciplines that focus on the differences between the sexes, often in terms of social, cultural, and psychological aspects.

Cultural Feminism

A movement emphasizing the value of women's experiences and advocating for women's rights and interests based on perceived differences between the sexes.

Institutional Sociological Theories

Theories focusing on the role of established institutions in shaping social behavior, norms, and values.