Juliet Ltd Is a Listed Public Company and Has an 60

question 20

Multiple Choice

Juliet Ltd is a listed public company and has an 60% controlling interest in Marley Pty Ltd.Marley Pty Ltd is the parent of Butterscotch Pty Ltd.In which of the following situations will Marley Pty Ltd not be required to prepare consolidated financial statements?

• A)If Marley Pty Ltd prepares separate financial statements that comply with IFRS.
• B)If the other owners of Marley Pty Ltd have consented to the non-preparation of consolidated financial statements.
• C)Where it is likely that there are external users dependant on the information.
• D)Marley Pty Ltd would never be required to prepare consolidated financial statements.

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Definitions:

Christian Art

Art that is religious in nature and often inspired by Christian themes, iconography, and figures from the Bible.

Hieratic Sizing

A principle in art, particularly ancient Egyptian, where the size of figures indicates their relative importance, with larger sizes denoting greater significance.

Mildenhall Treasure

A significant hoard of Roman silver tableware from the 4th century, discovered in Suffolk, England in 1942.

Oceanus

In ancient Greek mythology, Oceanus was the titan god of the river Okeanos, believed to encircle the world, symbolizing the unexplored ocean.