Under AASB 101, Profit or Loss Attributable to Non-Controlling Interests

question 10

Multiple Choice

Under AASB 101, profit or loss attributable to non-controlling interests is required to be presented in the:

• A) statement of cash flows.
• B) statement of changes in equity.
• C) statement of financial position.
• D) statement of profit or loss and other comprehensive income.

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Definitions:

External Stakeholders

Individuals or groups outside of an organization who are affected by its activities and decisions, such as customers, suppliers, investors, and the community.

Global Virtual Teams

Teams that work together from different geographical locations, connected through technology, to achieve common goals.

Language Differences

Variations in the spoken or written form of communication between individuals or groups, often leading to misunderstandings or communication barriers.

Global Teams

Groups of workers from various geographic locations and often different cultures who collaborate on projects or tasks, facilitated by technology.