When the Parent Has Previously Held Equity Interest in the Subsidiary

question 11

Multiple Choice

When the parent has previously held equity interest in the subsidiary, in accordance with IFRS 3.42, the parent revalues the previously held investment to fair value, recognizing the increment in ___________________.

• A)retained earnings.
• B)net income.
• C)assets.
• D)other comprehensive income.

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Definitions:

Label Control

An element in graphical user interfaces used to display text to the user, often for identifying other interface components.

Control Source

The underlying data source that a form or report control binds to in a database application.

Caption Property

A characteristic in programming and database design referring to the text used to label or title elements like controls, tables, or fields, often visible to users.

Default Value

A pre-set value or option automatically assigned to a software application's variable or field, used unless the user specifies a different value.