When Disclosing Information About Investments in Associates,AASB 128 Investments in Associates,requires

question 3

Multiple Choice

When disclosing information about investments in associates,AASB 128 Investments in Associates,requires separate disclosure of which of the following?
I Shares in associates,in the statement of financial position.
II Share of profit or loss of associates,in the statement of profit or loss and other comprehensive income.
III Share of any discontinuing operations,in the statement of changes in equity.
IV Shares of changes recognised directly in the associate's equity,in the statement of changes in equity.

• A)I,II,III and IV
• B)I,II and IV only
• C)II,II and IV only
• D)I,II and III only

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Definitions:

Effective Management

Effective Management involves the process of planning, organizing, directing, and controlling resources and activities efficiently and effectively towards achieving organizational goals.

Operations

The day-to-day activities required for a business to produce goods or services and run smoothly.

Book Value

The net value of a company’s assets as recorded on the balance sheet, calculated as total assets minus liabilities and intangible assets.

Opportunity Cost

The potential benefit that is given up when one alternative is selected over another.