A Consolidated Entity Is Defined in the Corporations Act 2001

question 9

Multiple Choice

A consolidated entity is defined in the Corporations Act 2001 as:

• A) The company and its subsidiaries at the end of the financial year. Subsidiaries are companies and trusts as defined in terms of this Act.
• B) A company, registered management investment scheme or disclosing entity together with all the entities it is required by Accounting Standards to include in consolidated financial statements.
• C) A trust or partnership registered as a management investment scheme and all the entities it controls at the end of the financial year.
• D) The parent company, minority interests and subsidiaries owned by that parent company as at the end of the financial year.
• E) None of the given answers.