The Main Characteristic of a Structured Entity According to IFRS

question 23

Multiple Choice

The main characteristic of a structured entity according to IFRS 12 is that:

• A) the parent entity must have more than 80% of voting rights in the structured entity in order to gain control;
• B) voting or similar rights are not the dominant factor in deciding who controls the entity;
• C) the legal acquirer of such entity will become the accounting acquiree;
• D) it is controlled by two or more parent entities.

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Definitions:

Convicted Rapists

Individuals who have been legally found guilty of committing rape.

Guilty

Responsible for a specified wrongdoing; having committed an offense.

Culture Of Rape

A societal environment where rape is prevalent and normalized due to societal attitudes about gender and sexuality.

Condemn

to express complete disapproval of, usually in a public and formal manner.