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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Definitions:

Parapraxes

Also known as Freudian slips, unintentional actions or spoken errors believed to reveal subconscious thoughts or feelings.

Psychotherapy

A therapeutic approach involving psychological methods, particularly when based on regular personal interaction, to help a person change behavior and overcome problems in desired ways.

Defense Mechanisms

In psychoanalytic theory, the mechanisms of the ego that serve to protect an individual from experiencing anxiety produced by conflicts with the id, superego, or reality.

Mental Energy

The capacity of the mind to engage in cognitive activities and processes, such as thinking, problem-solving, and focusing attention.