Where a Non-Controlling Interest Exists in a Subsidiary, AASB 12

question 5

Multiple Choice

Where a non-controlling interest exists in a subsidiary, AASB 12 /IFRS 12 Disclosure of Interests in Other Parties requires parent entities to disclose which of the following for each such subsidiary? I Summarised financial information about each subsidiary.
II The proportion of ownership interests held by non-controlling interests.
III If the subsidiary is not wholly owned, the names of all other members.
IV The country of incorporation of subsidiaries.

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

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Definitions:

Lesser Of Two Evils

A choice between two undesirable options, where the chosen option is seen as the less harmful or problematic one.

Latin Root

The base of a word derived from Latin, from which the meaning and words in many modern languages are formed.

Motivation

The process that initiates, guides, and maintains goal-oriented behaviors, driving individuals to pursue and achieve objectives.

Emotion

A state of arousal involving facial and bodily changes, brain activation, cognitive appraisals, subjective feelings, and tendencies toward action.