Minority Interests Are Defined Is AASB 127 As

question 25

Multiple Choice

Minority interests are defined is AASB 127 as:

• A) that portion of profit or loss and net assets of a subsidiary attributable to equity interests that are not owned directly by the parent.
• B) that portion of net assets of a subsidiary attributable to equity interests that are not owned, directly or indirectly through subsidiaries, by the parent.
• C) that portion of profit or loss and net assets of a subsidiary attributable to equity interests that are not owned, directly or indirectly through subsidiaries, by the parent.
• D) that portion of profit or loss and net assets of a subsidiary attributable to equity interests that are not owned indirectly through subsidiaries, by the parent.
• E) the largest single shareholding, less fifty per cent, not owned, directly or indirectly through subsidiaries, by the parent.

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Definitions:

Profits

The financial gain obtained when the revenue from business activities exceeds the expenses, costs, and taxes involved in sustaining the activity.

Focus

The concentration of attention or energy on a specific object, task, or goal to ensure it is effectively achieved or completed.

Talent

Refers to the natural aptitude or skill possessed by an individual, which can be nurtured and developed within various contexts such as the workplace.

Team Workers

Individuals who collaborate effectively with others in a group setting, contributing to the team's success.