Suncorp Limited Acquired a 15% Interest in Milton Pty Ltd

question 20

Multiple Choice

Suncorp Limited acquired a 15% interest in Milton Pty Ltd on 1 January 2014.On 15 September 2014 it acquired an additional 25% interest,and on 15 March 2015 a further 15%.Under AASB 3,a business combination occurs on:

• A)1 January 2014.
• B)15 September 2014.
• C)15 March 2015.
• D)all of the above.

---

Definitions:

Discrimination

Unfair or prejudicial treatment of individuals or groups based on characteristics such as race, gender, age, or disability.

Law Suits

Law suits are legal actions taken by one party against another in a court of law, typically seeking redress or resolution for a dispute or harm incurred.

Chronic Pain

Persistent or recurring pain lasting longer than 3 to 6 months, often resistant to medical treatments and significantly impacting individuals' quality of life.

Middle-Class

A social group that falls between the working class and the upper class, typically associated with moderate income levels, stable employment, and access to education.