Where a Change in Ownership Interest Results in the Loss

question 35

Multiple Choice

Where a change in ownership interest results in the loss of control of a subsidiary:

• A)the gain or loss in the parent's records will equal the consolidated gain or loss.
• B)the remaining investment will be recorded at fair value in accordance with AASB 9 Financial Instruments.
• C)the remaining investment will be accounted for in accordance with AASB 127 Separate Financial Statements.
• D)the gain or loss will be recorded in other comprehensive income.

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Definitions:

Emotional Labor

The effort employees put into managing their emotions and expressions as part of fulfilling their job roles, often to meet organizational expectations.

Flight Attendants

Flight attendants are airline personnel responsible for ensuring the safety, comfort, and service for passengers aboard flights.

Construction Workers

Individuals skilled in physical labor on construction sites, involved in building, infrastructure development, and demolition.

Cognitive Component

Relates to the mental processes involved in gaining knowledge and comprehension, including aspects of reasoning, perception, and judgment.