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.

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Definitions:

Emergent Norms

Social norms that develop spontaneously in response to new situations or emergencies, guiding behavior in the absence of established rules.

Resource Mobilization

The process of gathering and deploying both tangible and intangible resources (such as money, support, and information) to achieve specific organizational or social goals.

Collective Action

Activities undertaken by a group of people with the aim of achieving a common goal, often used in the context of social movements and protests.

Organizational

Pertaining to the structure and function of organizations, including their management, culture, and operational dynamics.