Solved

According to AASB 10 Consolidated Financial Statements, the Following Factors

Question 2

Multiple Choice

According to AASB 10 Consolidated Financial Statements, the following factors indicate the existence of control:
 I.  The power to govern the financial policies of an entity so as to obtain  benefits.  II.  Shared power in the govemance of financial and operating policies of  another entity so as to obtain benefits.  III.  The power to goven the operating policies of an entity so as to obtain  benefits.  IV.  Ownership of more than 50% of the voting power in the subsidiary. \begin{array} { | l | l | } \hline \text { I. } & \begin{array} { l } \text { The power to govern the financial policies of an entity so as to obtain } \\\text { benefits. }\end{array} \\\hline \text { II. } & \begin{array} { l } \text { Shared power in the govemance of financial and operating policies of } \\\text { another entity so as to obtain benefits. }\end{array} \\\hline \text { III. } & \begin{array} { l } \text { The power to goven the operating policies of an entity so as to obtain } \\\text { benefits. }\end{array} \\\hline \text { IV. } & \text { Ownership of more than } 50 \% \text { of the voting power in the subsidiary. } \\\hline\end{array}


A) I, II and III only
B) I, III and IV only
C) II and IV only
D) IV only.

Correct Answer:

verifed

Verified

Related Questions