Exam 13: Business Combinations

In IFRS 10,non-controlling [minority] interests are defined as the equity in a subsidiary not attributable,directly or indirectly,to a parent.

What is an entity called that is controlled by another entity?

What is the term used for the power to govern the financial and operating policies of an entity alone so as to obtain benefits from its activities?

The nature of the relation existing between the parent company and the different group entities is a determinant of the way the financial statements of each of the individual group entities will be taken into account in the consolidation process to create the group financial statements.

What is a contractual arrangement called where two or more parties undertake an economic activity that is subject to joint control?

What represents the claim held by the parent company over the shareholders' equity of its subsidiaries or associates?

According to IFRS 10 (new standard),control exists if,and only if,the investor has

What is the difference between the price paid and the book value of the equity of the subsidiary?

When excess resources are created through operations,what can management decide to do to create value for the shareholders?