Under Paragraph 4, If an Entity Presents Both Consolidated and Separate

question 9

Multiple Choice

Under paragraph 4, if an entity presents both consolidated and separate financial statements, the IAS 33 disclosures need only be determined on the basis of:

• A) parent entity only
• B) subsidiary entities only
• C) consolidated information
• D) the entity has choice of either parent entity or consolidation

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Definitions:

American Dollar

The official currency of the United States, also known as the USD or US dollar.

London Bank

Generally refers to banks based in London, a major international financial center, but without specifying any particular institution or its activities.

British Pound

The currency of the United Kingdom, which is one of the world's major currencies traded on foreign exchange markets.

U.S. Dollar

The official currency of the United States, widely used as a benchmark and reserve currency globally.