Non-Controlling Interest Is Classified,according to AASB 10 Consolidated Financial Statements,as

question 4

Multiple Choice

Non-controlling interest is classified,according to AASB 10 Consolidated Financial Statements,as:

• A)part of the equity of the parent entity
• B)part of the equity of the group
• C)a liability of the parent entity
• D)a liability of the group.

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Definitions:

Margin of Safety

The difference between actual or projected sales and the break-even point; measures the risk of not covering fixed costs.

Liabilities to Stockholders' Equity

A ratio that measures the amount of liabilities a company has compared to its shareholders' equity.

Asset Turnover Ratio

A financial metric that measures the efficiency of a company in using its assets to generate sales or revenue; it is calculated by dividing net sales by average total assets.

Long-term Investments

Investments made with the intention to hold for more than one year, typically in bonds, stocks, or real estate, aiming for long-term capital growth.