According to AASB 3 Business Combinations,the Key Principle Relating to the Disclosure

question 20

Multiple Choice

According to AASB 3 Business Combinations,the key principle relating to the disclosure of information about business combinations is to disclose information that:

• A)enables financial statement users to evaluate the nature and financial effect of business combinations that occurred during the reporting period.
• B)enables the preparation of the consolidated financial statements in the most cost-effective manner.
• C)does not give an advantage to the competitors of a consolidated group.
• D)provides financial statement users with information about the parent entity only.

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Definitions:

Experimental Control

A method used in scientific studies to minimize the influence of variables other than the one being studied, ensuring the results are due to the variable of interest.

Narrative Research

A qualitative research method focused on understanding and interpreting stories or experiences of individuals to gain insights into human behavior and societies.

Restorying

A narrative therapy technique where individuals reinterpret their life stories to bring about positive psychological change.

Ecological Validity

The extent to which the findings of a research study are able to be generalized to real-life settings.