AASB 127 Contains Rules Dealing with the Effect of Post-Control

question 1

True/False

AASB 127 contains rules dealing with the effect of post-control changes in ownership on the calculation of the amount of goodwill recognised and the impact on consolidated owners' equity (parent entity and non-controlling interest).

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Definitions:

Architectural Model

A scaled physical or digital representation of a structure used by architects to communicate design ideas and plan buildings.

Imaging Drum

A photosensitive drum located inside a toner cartridge; attracts laser toner particles.

Laser Printer

A type of printer that uses a laser beam to produce high quality text and graphics by repeatedly passing a laser beam back and forth over a negatively charged drum to define a differentially charged image.

DHCP

Dynamic Host Configuration Protocol, a network management protocol used to automate the process of configuring devices on IP networks, enabling them to use the TCP/IP protocol based communications.