Significant Influence Is Defined in AASB 128 As

question 27

Multiple Choice

Significant influence is defined in AASB 128 as:

• A) The demonstrated ability of an entity to impact substantially both the financial and operating policies of another entity.
• B) The power of an entity to participate in the financial and operating policies of the investee, but it is not control or joint control.
• C) The demonstrated ability of an entity to affect substantially or control either the financial or operating policies of another entity.
• D) The capacity or demonstrated ability of an entity to impact substantially or control the operations of another entity.
• E) None of the given answers.

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Definitions:

Families in Poverty

Households experiencing severe financial hardship and struggling to meet basic needs due to low income.

Community Engagement

Active participation and collaboration among community members to address issues affecting their well-being.

Optimal Learning and Development

The most favorable conditions or environments for individuals to achieve their full learning potential and growth.

Establish Rituals

The process of creating consistent routines and ceremonies that can reinforce values and create a sense of community and stability in various contexts.