Where a Change in Ownership Interest Results in the Loss

question 7

Multiple Choice

Where a change in ownership interest results in the loss of control of a subsidiary:

• A)the gain or loss in the parent's records will equal the consolidated gain or loss;
• B)the remaining investment will be accounted for in accordance with AASB 9 Financial Instruments;
• C)the remaining investment will be accounted for in accordance with AASB 127 Separate Financial Statements;
• D)the gain or loss will be recorded in other comprehensive income.

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Definitions:

Personality Disorders

Mental disorders characterized by enduring maladaptive patterns of behavior, cognition, and inner experience, shown across many contexts and deviating from cultural norms.

Reaction Formation

A defense mechanism where an individual unconsciously replaces unacceptable inner feelings with their opposite.

Overconfident

Overconfident describes an overestimation of one's abilities, knowledge, or success likelihood, which can impair judgment and decision-making.

Unconscious Insecurity

A feeling of lack of confidence or certainty that is not readily apparent or directly accessible to the conscious mind.