According to AASB 10 Consolidated Financial Statements,all Parent Entities Are

question 39

Multiple Choice

According to AASB 10 Consolidated Financial Statements,all parent entities are required to present consolidated statements unless which of the following conditions apply to them?
I The parent is a wholly owned subsidiary.
II The parent is a partly owned subsidiary and its other owners do not object to the non-presentation of consolidated financial statements.
III The parent's debt or equity securities are traded in a public market.
IV The parent is not in the process of applying to issue any securities in a public market.

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

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Definitions:

Installment Notes

A debt instrument that requires a series of payments over time, often used for financing purchases.

Payment Pattern

The typical manner or schedule in which a business or individual settles their financial obligations, such as monthly or quarterly payments.

Bond Financing

Bond Financing involves raising capital through the issuance of bonds, which are debt securities wherein the issuer owes the holders a debt and is obligated to pay them interest and/or to repay the principal at a later date.