Where a Change in Ownership Interest Results in the Loss

question 22

Multiple Choice

Where a change in ownership interest results in the loss of control of a subsidiary:

• A) the gain or loss in the parent's records will equal the consolidated gain or loss.
• B) the remaining investment will be recorded at fair value in accordance with AASB 9/IFRS 9 Financial Instruments.
• C) the remaining investment will be accounted for in accordance with AASB 127/IAS 27 Separate Financial Statements.
• D) the gain or loss will be recorded in other comprehensive income.

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