AASB 12 Disclosure of Interests in Other Entities Requires an Entity

question 82

Multiple Choice

AASB 12 Disclosure of Interests in Other Entities requires an entity to disclose for each of its subsidiaries that have non-controlling interests that are material to the reporting entity:

• A) summarised financial information about the subsidiary
• B) the profit or loss allocated to non-controlling interests of the subsidiary during the reporting period.
• C) accumulated non-controlling interests of the subsidiary at the end of the reporting period.
• D) All of the given answers are required to be disclosed.

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Definitions:

Characteristics

Features or qualities that identify and distinguish an entity or individual from others.

Example

A representative case or instance used to illustrate a concept or to explain or justify a particular point.

Primary Group

A small social group whose members share close, personal, enduring relationships, characterized by strong emotional ties, warmth, and intimacy.

Example

A representative case or instance used to illustrate a rule, method, or condition; often used for clarification.