An Investor Who Has Subsidiaries

question 90

Multiple Choice

An investor who has subsidiaries

• A)is required to prepare consolidated financial statements under IFRS.
• B)is required to prepare consolidated financial statements under ASPE.
• C)does not have to prepare consolidated financial statements under IFRS.
• D)ignores the noncontrolling interest on the consolidated financial statements.

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Definitions:

Psychological Capital

A person's favorable mental condition, defined by confidence in one's own abilities, a positive outlook, aspirations for the future, and the capacity to recover from difficulties.

Large Bank

A financial institution that possesses significant assets, offers a wide array of services, and operates on a large scale, often internationally.

Well-Being

The state of being comfortable, healthy, or happy; an assessment of an individual's general health, happiness, and life satisfaction.

Leadership Position

A role that entails guiding, directing, or influencing others towards achieving organizational goals or objectives.