AASB 10 Consolidated Financial Statements Defines a 'Parent Entity' and a 'Subsidiary

question 9

Multiple Choice

AASB 10 Consolidated Financial Statements defines a 'parent entity' and a 'subsidiary entity' as:
The original answer was (a) , which I think is incorrect. The correct answer should be (c) .
$$\begin{array} { | l | l | l | } \hline & \text { parent } & \text { Subsidiary } \\\hline \text { I } & \begin{array} { l } \text { An entity which owns more than } 40 \% \text { of } \\\text { the voting shares of another entity }\end{array} & \begin{array} { l } \text { An entity in which another entity owns } \\\text { more than 40\% of the voting shares }\end{array} \\\hline \text { II } & \begin{array} { l } \text { An entity which owns more than } 20 \% \text { of } \\\text { the voting shares of another entity }\end{array} & \begin{array} { l } \text { An entity which is owned partly by another } \\\text { entity }\end{array} \\\hline \text { III } & \text { An entity that has one or more subsidiaries } & \begin{array} { l } \text { An entity which is controlled by a parent } \\\text { entity }\end{array} \\\hline \text { IV } & \text { An entity that controls another entity } & \begin{array} { l } \text { An entity in which the parent entity owns } \\\text { more than } 20 \% \text { of the voting shares }\end{array} \\\hline\end{array}$$

• A) I
• B) II
• C) III
• D) IV

Understand the theories and techniques of meditation and their cognitive effects.

Appreciate the diversity of natural and synthetic hallucinogens and their sources.

Understand the historical development and key concepts of the production era.

Recognize the importance of relationship management and its focus on long-term customer engagement.

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Definitions:

Colonial Government

A form of government established in a colony by a colonial power, where the external power retains significant control over the colony’s governance, often exploiting its resources and people for its own benefit.

Real Whigs

A term referring to 18th-century British and colonial American political philosophers who advocated for the protection of personal liberty and property against government oppression.

Grenville

Refers to George Grenville, a British Whig statesman who served as Prime Minister of Great Britain and implemented policies that contributed to tensions leading to the American Revolutionary War.