Under AASB 128,the Quantitative Test That Normally Raises a Presumption

question 28

Multiple Choice

Under AASB 128,the quantitative test that normally raises a presumption of significant influence is:

• A) holding 15% or more of the voting power in an investee
• B) holding 25% or more of the voting power in an investee
• C) owning 25% or more of the shares in an investee
• D) holding 20% or more of the voting power in an investee

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Definitions:

Economic Behavior

The study of how individuals make decisions to allocate resources under conditions of scarcity.

Selfishness

A trait characterized by concern with one's own interests, often disregarding others' well-being or desires.

Utility

The satisfaction or benefit that a consumer receives from consuming a good or service.

Pleasure

A feeling of happiness or satisfaction derived from experiencing or consuming something.