When Preparing a Consolidated Statement of Changes in Equity, IFRS

question 24

Multiple Choice

When preparing a consolidated statement of changes in equity, IFRS 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:

Poison Pill

A poison pill is a defense strategy used by a corporation to deter or prevent hostile takeovers.

Takeover Attempt

An effort by one company or entity to gain control of another company by acquiring a significant portion of its shares or assets.

Defensive Merger Tactics

Strategies employed by a company to avoid being taken over by another company, often including legal and financial maneuvers.

Unwanted Takeovers

Attempts by one company to acquire control of another company without the consent of the latter's management.