AASB 12 Disclosure of Interests in Other Entities Requires Disclosure

question 29

Multiple Choice

AASB 12 Disclosure of Interests in Other Entities requires disclosure of which of the following for each subsidiary that has a non-controlling interest?

• A)Accumulated non-controlling interests of the subsidiary at the end of the reporting period.
• B)The proportion of ownership interests held by non-controlling interests.
• C)The subsidiary's principal place of business.
• D)All of the options are correct.

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Definitions:

Circular Flow Model

An economic model depicting how money moves through the economy between producers and consumers.

Resource Market

A market where resources or inputs needed for production, such as labor, capital, and raw materials, are bought and sold.

Injection

An introduction of income into the economy through investment, government spending, or exports.

Circular Flow

A model in economics that depicts how goods and services and money move through the economy between households, businesses, government, and foreign sectors.