Where Which of the Following Conditions Exist, Is the Equity

question 16

Multiple Choice

Where which of the following conditions exist, is the equity method not applied to associates? I. The entity is a wholly owned subsidiary or a partly owned subsidiary and its owners do not object to the entity not applying the equity method.
II) The entity's debt or equity securities are not traded in a public market.
III) The entity has not filed financial statements with a regulatory organisation for the purpose of issuing any class of securities in a public market.
IV) The ultimate parent of the entity publishes consolidated financial statements that comply with IFRS.

• A) I and IV only
• B) II and III only
• C) I, II and III only
• D) I, II, III and IV

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Definitions:

Liberal

Referring to a political philosophy or worldview founded on ideas of liberty and equality.

Identity Moratorium

A period of exploration among adolescents concerning their identity without having made a commitment.

Mission Assignment

A specific task or duty assigned to a person or team as part of a broader project or goal.

Identity Status

Refers to the phase in the development of self-identity, where individuals explore and make decisions regarding their personal beliefs, career choices, and relationships.