Which of the Following Statements Is Not Correct

question 6

Multiple Choice

Which of the following statements is not correct:

• A)A liquidator of a company does not control that company under the AASB 3 definition
• B)A foreign wholly-owned subsidiary whose control is impaired due to an oppressive government would be excluded from the consolidation
• C)Control can exist for a period of less than twelve months
• D)A jointly controlled entity must be included in the consolidation

---

Definitions:

Short Bone

A form of bone characterized by its equal width and length, offering stability and support while permitting minimal motion, located in the ankle and wrist regions.

Flat Bone

Types of bones that are thin, flattened, and usually slightly curved, providing protection for internal organs (e.g., skull, ribs, sternum).

Fibrocartilage

A tough type of cartilage containing fibrous bundles of collagen, found in places like intervertebral discs and the knee.

Collagen Fibers

Structural proteins found in connective tissue, providing strength, durability, and elasticity to structures like skin, tendons, and ligaments.