Which Accounting Standard Established the Disclosure Requirements Relating to a Parent's

question 10

Multiple Choice

Which accounting standard established the disclosure requirements relating to a parent's interests in subsidiaries?

• A) IFRS 3 Business Combinations
• B) IFRS 10 Consolidated Financial Statements
• C) IFRS 12 Disclosure of Interests in Other Entities
• D) IAS 27 Separate Financial Statements

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Definitions:

Stock Dividend

A dividend payment made to shareholders in the form of additional company shares rather than cash.

Retained Earnings

Profits that a company has earned to date, less any dividends or other distributions paid to shareholders, often reinvested in the business.

Restricted

Restricted typically refers to assets or securities that are not freely tradable or accessible due to regulations or specific conditions.

Cash Dividends

Payments made by a corporation to its shareholder members, distributing a portion of the company's earnings in cash.