According to IFRS 12, Parent Entities Are Required to Disclose

question 9

Multiple Choice

According to IFRS 12, parent entities are required to disclose: I. Summarised financial information about each subsidiary.
II) A list of significant investments in subsidiaries.
III) If the subsidiary is not wholly owned, the names of all other members.
IV) The country of incorporation of subsidiaries.

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

---

Definitions:

Economic Profits

The difference between total revenue and total costs, including both explicit and implicit costs, indicating the financial health of a business.

Long-Run Equilibrium

A state in which all factors of production and outputs in an economy have fully adjusted and all changes are reflected in prices.

Marginal Revenue Curve

Illustrates how marginal revenue changes as the quantity of output sold changes.

Perfectly Competitive

A market structure characterized by a large number of small firms, a homogeneous product, perfect information, and no barriers to entry or exit.