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:

Designated

Denotes something that has been officially assigned or specified.

Positions And Interests

Refers to the respective stances or views held by parties in a negotiation (positions) and the underlying desires or needs that motivate these stances (interests).

Being Watched

The state or feeling of being observed by others, which can influence an individual's behavior or performance.

Verbal Harassment

The use of words to belittle, demean, or abuse an individual or group, typically in a persistent manner.