The Equity in a Subsidiary Not Attributable,directly or Indirectly,to a Parent

question 13

Multiple Choice

The equity in a subsidiary not attributable,directly or indirectly,to a parent is defined in AASB 127 as the:

• A)non- controlling interest
• B)equity interest
• C)subsidiary interest
• D)controlling interest

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Definitions:

Variable Labor Cost

Costs for labor that change in proportion to the level of production or sales in a company.

Break-even Point

The point at which total costs and total revenue are equal, meaning there is no net loss or gain, and a business is not making a profit but not losing money either.

Contribution Format

A method of income statement presentation where costs are separated into variable and fixed categories.

Income Statement

A financial statement that reports a company's financial performance over a specific period, detailing revenue, expenses, and profits.