Multiple Choice
Which of the following statements is not correct?
A) Percentage of control is the term used to reflect the degree of dependency in which a parent company holds its subsidiaries or associates.
B) The percentage of control is used to determine the consolidation method in establishing the consolidated financial statements.
C) The percentage of control held by a parent is always equal to the percentage of interest it holds in a given subsidiary or associate.
D) The percentage of interest is used in the process of consolidation of accounts and calculations to define majority and minority interests.
Correct Answer:
Verified
Correct Answer:
Verified
Q9: How are non-controlling [minority] interests reported in
Q10: What is the term used for the
Q11: What is the founding principle of full
Q12: What is (are)the reason(s)for the lack of
Q13: Given the above data:<br>What is the rate
Q15: Which of the following statements is not
Q16: According to IAS 27 (old standard),control also
Q17: According to IAS 28,the existence of significant
Q18: According to IAS 28,if an investor holds,directly,or
Q19: If the percentage of interest of the