As Prescribed in AASB 10,which of the Following Statements Is

question 32

Multiple Choice

As prescribed in AASB 10,which of the following statements is incorrect with regards to non-controlling interests in subsidiaries?

• A) Non-controlling interests are presented in the consolidated statement of financial position within equity, separately from the equity of the owners of the parent.
• B) Profit or loss and each component of other comprehensive income are attributed to the owners of the parent and to the non-controlling interests.
• C) Total comprehensive income is attributed to the owners of the parent and to the non-controlling interests even if this results in the non-controlling interests having a deficit balance.
• D) All of the given statement are correct.

---

Definitions:

Operating Revenue

Income derived from a company's core business activities, excluding any income from investments or secondary operations.

Product/Supplies Revenues

Income generated from the sale of goods, products, or supplies by businesses to consumers or other businesses.

Exclusive Territory

A designated geographical area in which a sales representative or distributor is given the sole right to sell a product.

Franchise Agreement

A franchise agreement is a legal, binding contract between a franchisor and franchisee, outlining the terms and conditions for the franchisee to operate a franchised business, including use of trademarks, operational guidelines, and financial obligations.