A Common Myth About the Relationship of Courts and Politics

question 109

Multiple Choice

A common myth about the relationship of courts and politics holds that courts:

• A) Are controlled by politicians
• B) Avoid all political issues
• C) Should be more political
• D) Are above politics

---

Definitions:

AASB 10

An accounting standard issued by the Australian Accounting Standards Board that outlines the requirements for the preparation and presentation of consolidated financial statements.

Subsidiary

A subsidiary is a company that is controlled by another company, referred to as the parent company, through ownership of more than half of its voting stock.

Full Goodwill Method

An accounting approach where the total fair value of goodwill is recorded in the books, even if the parent company does not own 100% of a subsidiary.

Non-controlling Interest

The portion of equity ownership in a subsidiary not held by the parent company, reflecting minority shareholders' stake in the subsidiary's net assets.