When Preparing a Consolidated Statement of Changes in Equity,AASB 10

question 6

Multiple Choice

When preparing a consolidated statement of changes in equity,AASB 10 Consolidated Financial Statements,requires that any non-controlling interest in equity of subsidiaries is:

• A)shown as a one-line item
• B)disclosed in the statement of financial position,and not in the statement of changes in equity
• C)shown as a share of total ending equity of the subsidiary only
• D)shown on a line-by-line basis.

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Definitions:

Monetary Incentives

Financial rewards given to employees as motivation to boost productivity or achieve specific targets.

Potential Place

A location or venue that has the capability or promise to serve a specific purpose or function, but isn't currently utilized for that end.

Reactive Approach

A management style where actions and decisions are taken in response to events rather than anticipating them.

Uniform Pool

A shared resource or collection of items, such as uniforms, that are uniformly distributed among members of a group or organization.