AASB 101 Presentation of Financial Statements Requires a Separate Line

question 29

True/False

AASB 101 Presentation of Financial Statements requires a separate line item on the face of the statement of financial position showing the non-controlling interest in equity.

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Definitions:

Delegator

An individual or entity that assigns tasks or responsibilities to another.

Personal Skill

An individual's capability or proficiency in performing tasks or activities, often developed through experience or training.

Obligor

A party in a contractual agreement who is legally bound to perform a certain duty or pay a specified amount to another, the obligee.

Prohibited

Actions, practices, or items that are expressly forbidden by law, regulation, or other forms of authority.