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.

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Definitions:

Dual Processing

The principle that information is often simultaneously processed on separate conscious and unconscious tracks.

Visual Cortex

The region within the occipital lobe of the cerebral cortex responsible for analyzing visual data.

Two-Track Mind

The concept that the brain operates on two levels of thought simultaneously: conscious and unconscious.

Recognize

The ability to identify and acknowledge something as previously seen, known, or understood through memory or perception.