Which of the Following Is an Example of a Business

question 83

Multiple Choice

Which of the following is an example of a business that is often forced to relocate to tap into new supplies of resources?

• A)automotive manufacturing plant
• B)petroleum business
• C)paper mill
• D)retail store

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Definitions:

AASB 12/IFRS 12

Refers to the disclosure of interests in other entities, providing requirements on the disclosure of interests in subsidiaries, joint arrangements, associates, and unconsolidated structured entities.

Unrecognised Share of Losses

Losses attributable to an investor’s share in an investee that are not reflected in the investor’s financial statements because they exceed the investor's interest in the investee’s equity.

Discontinued Use

Refers to the cessation of operations or production of a segment or unit within a business.

Equity Method

An accounting technique used to record an investor’s proportional share of an associate company’s earnings or losses on its financial statements.