According to IAS 27 (Old Standard),control Also Exists Even When

question 16

Multiple Choice

According to IAS 27 (old standard) ,control also exists even when the parent owns one half or less of the voting power of an entity,if control can be evidenced by:

• A) Power over more than one half of the voting rights by virtue of an agreement with other investors.
• B) Power to govern the financial and operating policies of the other entity under a statute or an agreement.
• C) Power to appoint or remove the majority of the members of the board of directors.
• D) All of these

---

Definitions:

Logic Being Scanned

Refers to the process in programmable logic controllers (PLCs) where the programmed logic is sequentially checked or executed.

Processor

The component of a computer that performs the interpretation and execution of instructions.

Lockout And Tagout Devices

Safety devices used to ensure that dangerous machines are properly shut off and not started up again before the completion of maintenance or servicing work.