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:

Cohabiting Relationship

A living arrangement in which two people who are not married live together in an intimate relationship.

Young Adults

Individuals in their late teens to early thirties, navigating the transition from adolescence to full adulthood.

Parents

Individuals who act as guardians and are responsible for the upbringing of a child.

Canadian Census

A national survey conducted periodically to collect comprehensive demographic information about the population of Canada.