Which of the Following Statements Is Not in Accordance with AASB

question 60

Multiple Choice

Which of the following statements is not in accordance with AASB 127 "Consolidated and Separate Financial Statements"?

• A) A parent need not present consolidated financial statements if the parent is itself a wholly-owned subsidiary, or is a partially-owned subsidiary of another entity.
• B) Control is presumed to exist when the parent owns, directly or indirectly through subsidiaries, more than half of the voting power of an entity.
• C) A parent consolidates subsidiaries that satisfy the criteria to be classified as assets held for sale.
• D) Intragroup balances, transactions, income and expenses are eliminated in full for wholly-owned subsidiaries and in proportion to ownership for partially-owned subsidiaries.
• E) None of the given answers.

Differentiate between various economic theories and their application to macroeconomic policy.

Analyze the effectiveness of macroeconomic policies during different economic crises.

Understand the core principles of Say's Law and its implications on economic thought.

Comprehend the beliefs of monetarists, especially regarding the impact of money supply changes during recessions.

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Definitions:

Justice Perspective

A viewpoint in ethics or moral philosophy that emphasizes fairness, equity, and impartiality in the administration of justice.

Care Perspective

A viewpoint in moral and ethical reasoning that emphasizes empathy, compassion, and the importance of interpersonal relationships.

Female Embryo

A female embryo is an early stage of development for a female organism, characterized by the presence of XX chromosomes.

Androgens

Male sex hormones, such as testosterone, that are present in both males and females and influence a variety of bodily functions.