When Are Parent Companies Allowed to Comprehensively Revalue the Assets

question 28

Multiple Choice

When are parent companies allowed to comprehensively revalue the assets and liabilities of a subsidiary to their fair values at the acquisition date, following a business combination?

• A) When reporting under ASPE and there is a significant non-controlling interest.
• B) When reporting under ASPE and there is an insignificant (or no) non-controlling interest.
• C) When reporting under IFRS and there is a significant non-controlling interest.
• D)When reporting under IFRS and there is an insignificant (or no) non-controlling interest.

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Definitions:

Discrimination

Discriminatory behavior or unfair treatment towards various groups, particularly based on racial, age, or gender differences.

Stimulus Generalization

The process by which a conditioned response is triggered by stimuli that are similar, but not identical, to the original conditioned stimulus.

Conditioned Response

A response that has been acquired through learning to a stimulus that was once neutral but has been consistently paired with an unconditioned stimulus.

Conditioned Stimulus

A stimulus which initially doesn't elicit a response but, when associated with an unconditioned stimulus, later results in a conditioned response.