Paragraph 9 of AASB 12/IFRS 12 Disclosure of Interests in Other

question 31

Multiple Choice

Paragraph 9 of AASB 12/IFRS 12 Disclosure of Interests in Other Entities provides the following examples of situations where it is necessary to disclose significant judgements and assumptions in relation to subsidiaries

• A) where an entity does not control another entity but it holds more than half of the voting rights in the other entity.
• B) where an entity controls another entity but it holds less than half of the voting rights of the other entity.
• C) where an entity is an agent or a principal.
• D) all of the options are correct.

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Definitions:

Repetition Priming

A phenomenon in psychology where the act of repeating a stimulus improves cognitive processing of that stimulus upon subsequent exposures.

Cognitive Overload

A state where an individual's working memory is overwhelmed by information, making it difficult to process new information effectively.

Korsakoff's Syndrome

A chronic memory disorder often caused by severe deficiency of thiamine (vitamin B1), usually as a result of alcohol abuse, characterized by memory loss and fabrication of events.

Implicit Memory

Memory that influences thoughts and behaviors without conscious awareness, typically derived from previous experiences.