According to AASB 10 Consolidated Financial Statements, the Following Factors

question 2

Multiple Choice

According to AASB 10 Consolidated Financial Statements, the following factors indicate the existence of control:
$$\begin{array} { | l | l | } \hline \text { I. } & \begin{array} { l } \text { The power to govern the financial policies of an entity so as to obtain } \\\text { benefits. }\end{array} \\\hline \text { II. } & \begin{array} { l } \text { Shared power in the govemance of financial and operating policies of } \\\text { another entity so as to obtain benefits. }\end{array} \\\hline \text { III. } & \begin{array} { l } \text { The power to goven the operating policies of an entity so as to obtain } \\\text { benefits. }\end{array} \\\hline \text { IV. } & \text { Ownership of more than } 50 \% \text { of the voting power in the subsidiary. } \\\hline\end{array}$$

• A) I, II and III only
• B) I, III and IV only
• C) II and IV only
• D) IV only.

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