According to AASB 10/IFRS 10 Consolidated Financial Statements, All Parent

question 8

Multiple Choice

According to AASB 10/IFRS 10 Consolidated Financial Statements, all parent entities are required to present consolidated statements unless which of the following conditions apply to them?
I. The parent is a wholly owned subsidiary.
II. The parent's debt or equity securities are traded in a public market.
III. The parent is a partly owned subsidiary and its other owners do not object to the non-presentation of consolidated financial statements.
IV. The parent is not in the process of applying to issue any securities in a public market.

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

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Definitions:

Proportion of Successes

It is the fraction of successes in a series of Bernoulli trials, representing the number of successes divided by the total number of trials.

Sample Sizes

The number of individuals or observations included in a sample, crucial for determining the study's statistical power.

Expected Value

The expected value is a measure of the central tendency of a random variable, representing the average outcome one would anticipate over an infinite number of trials.

Sample Proportions

The fraction or percentage of samples in a category or exhibiting a characteristic, used to estimate population proportions.