Entities Included in a Wholly Owned Group as Defined by AASB

question 50

Multiple Choice

Entities included in a wholly owned group as defined by AASB 124 include:

• A) Entities that have an equity ownership of 20 per cent or greater in an entity that is a subsidiary of an entity that is wholly owned by a party related to the reporting entity.
• B) Wholly owned entities' subsidiaries, where subsidiaries are any entity controlled by a parent entity.
• C) Entities that are controlled or have significant influence exercised over them by an entity that is wholly owned by a related party of the reporting entity.
• D) Subsidiary companies that are wholly owned by a parent company.
• E) None of the given answers.