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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.

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Definitions:

Articles of Incorporation

Legal documents filed with a governmental body to legally document the creation of a corporation.

Limited Liability

A legal structure where a company's shareholders' financial responsibility is limited to the value of their shares in the event of liquidation.

Share Transferability

The ability to transfer ownership of a company's shares from one party to another.

Capital

Funds provided by investors or owners of a company to finance its operations and growth, often invested in assets.

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