Entities Included in a Wholly Owned Group as Defined by AASB

question 21

Multiple Choice

Entities included in a wholly owned group as defined by AASB 124 include:

• A) entities that have an equity ownership of 20 per cent or greater in an entity that is a subsidiary of an entity that is wholly owned by a party related to the reporting entity.
• B) entities that are an associate or joint venture of the other entity.
• C) entities that are controlled or have significant influence exercised over them by an entity that is wholly owned by a related party of the reporting entity.
• D) subsidiary companies that are wholly owned by a parent company.

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Definitions:

Election

A formal decision-making process by which a population chooses an individual or multiple individuals to hold public office.

Interdependent Self-Construal

A view of the self as part of a larger social network, where relationships and interconnectedness with others are emphasized.

China

A country in East Asia, known for its vast history, diverse culture, and as being one of the world's oldest civilizations.

Self-Presentation

The process by which individuals attempt to control the impressions others form of them, often through managing their own behavior, appearances, or information in social contexts.