Which of the Following Statements Are True in Relation to the Australian

question 7

Multiple Choice

Which of the following statements are true in relation to the Australian Competition and Consumer Commission?

• A)It has the power to commence criminal prosecutions for breaches of the Australian Consumer Law.
• B)It has the power to monitor price changes and take action against price exploitation.
• C)It has the power to commence civil actions for breaches of the Australian Consumer Law.
• D)All of the above.
• E)A and B only.

Determine the effects of intercompany sales of inventory and its realization on consolidated net income.

Apply the concept of acquisition differential and its adjustments during consolidation.

Evaluate the impact of management fees and dividends on consolidation.

Calculate the net income attributable to shareholders of the parent and non-controlling interests.