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

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Definitions:

Slips Of Tongue

are verbal mistakes that are thought to reveal subconscious thoughts or feelings, according to Freudian psychoanalysis.

Ego Development

The process of psychological growth, where the ego matures and is able to manage complexities, contradictions, and the reality of the world more effectively.

Personality Development

The process of forming an individual's distinctive character and behavioral patterns over time, influenced by both inherent tendencies and environmental factors.

Early Childhood

A critical period in human development spanning from birth to around age 8, characterized by rapid cognitive, social, and emotional growth.