Which of the Following Is Closest to IFRS 3 Business

question 21

Multiple Choice

Which of the following is closest to IFRS 3 Business Combinations definition of control?

• A) A company is deemed to have control over another only when it owns a majority of the voting shares of another company.
• B) A company is deemed to have control when it can elect a majority of the Board members of another company.
• C) Control is the ability to direct the activities of a company that most significantly affect the investor's returns.
• D) Control exists only when a company has the continuing power to determine the operating and financing policies of another company and attempts to exercise such powers.

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Definitions:

Inventory ID Code

A unique identifier, often in the form of a barcode or RFID tag, used to track and manage individual items in an inventory.

Warehouse

A large building where goods are stored before they are distributed, sold, or used.

Product Item

A specific version of a product that is distinct in its offered features or characteristics.

Valentine's Day

An annual holiday celebrated on February 14th, known for expressing love and affection between intimate companions.