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:

English-speaking Heritage

Refers to the cultural and historical influence of English-speaking countries and their traditions.

Per-capita GNI

The gross national income of a country divided by its population, reflecting the average income of its citizens.

GDP

Gross Domestic Product, the total value of all goods and services produced within a country's borders in a given time period.

Agriculture Production

Refers to the process of producing food, fiber, and other desired products by the cultivation of certain plants and the raising of domesticated animals (livestock).