Non-Controlling Interest Is Classified, According to IFRS 10 Consolidated Financial

question 11

Multiple Choice

Non-controlling interest is classified, according to IFRS 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:

Competitive Leverage

The strategic use of advantages or capabilities—such as cost structure, market position, or technological innovation—to outperform competitors in a given market.

Motive

A need or want that is strong enough to cause the person to seek satisfaction.

Locus of Control

A psychological concept referring to an individual's belief about how much control they have over the outcomes of events in their lives.

Satisfaction

A measure of how products or services meet or surpass customer expectation.