A Ltd Is a Listed Public Company and Has an 80

question 4

Multiple Choice

A Ltd is a listed public company and has an 80% controlling interest in B Pty Ltd. B Pty Ltd is the parent of C Pty Ltd. In which of the following situations will B Pty Ltd not be required to prepare consolidated financial statements?

• A) If B Pty Ltd prepares separate financial statements that comply with IFRS.
• B) If the other owners of B Pty Ltd have consented to the non-preparation.
• C) Where it is likely that there are external users dependant on the information.
• D) B Pty Ltd would never be required to prepare consolidated financial statements.

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Definitions:

Problem-Focused Coping

A strategy involving directly addressing a problem causing stress in order to reduce or eliminate it.

Reappraisal

A cognitive process that involves changing the way one thinks about a potentially emotion-eliciting event in order to alter its emotional impact.

Distraction

A factor or event that diverts an individual's attention away from their intended focus, potentially reducing productivity or performance.

Forgiveness

The process of letting go of resentment, anger, or claims against another person or oneself for perceived offenses or mistakes.