Where a Change in Ownership Interest Results in the Loss

question 2

Multiple Choice

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

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

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Definitions:

Psychological Disorder

A mental or behavioral pattern that causes significant distress or impairment in personal functioning.

Correlation Coefficients

Statistical measures that describe the extent to which two variables change together, indicating the strength and direction of their relationship.

Weakest Degree

The minimum intensity or level at which a particular phenomenon or condition exists or is perceptible.

Random Sample

a sample that fairly represents a population because each member has an equal chance ofinclusion.