In Accordance with the AASB 12 Disclosure of Interests in Other

question 25

Multiple Choice

In accordance with the AASB 12 Disclosure of Interests in Other Entities, which of the following information relating to the NCI is not required to be disclosed?

• A) The profit or loss allocated to NCI of the subsidiary during the reporting period.
• B) The proportion of ownership interests held by NCI.
• C) The total number of shares owned by the NCI.
• D) The name of the subsidiary.

---

Definitions:

Ethics

A branch of philosophy dealing with values relating to human conduct, with respect to the rightness and wrongness of certain actions.

Laws

Society’s values and standards that are enforceable in the courts.

Enforceable

Describes legal agreements or rules that are valid and can be implemented or compelled by law.

Boycott

A form of protest or punishment where individuals or groups refuse to purchase or support goods and services from a particular company or country.