Multiple Choice
Which of the following is not a feature of the entity concept?
A) That the group is accounted for as a unit,and makes no distinction between shareholders
B) That the Consolidated financial statement is prepared to be primarily of use to the shareholders of the parent entity
C) Non-controlling interests are part of equity
D) Net comprehensive income includes the net income attributable to all shareholders
Correct Answer:

Verified
Correct Answer:
Verified
Q2: IAS 28 and 31 both apply to
Q3: Which is NOT true about pooling of
Q4: IFRS 3 is more recent than IAS
Q5: Which of these is <b>NOT</b> a difference
Q6: The IFRS allows use of all alternative
Q7: Which of these is not an alternative
Q8: An advantage of pooling of interests accounting
Q9: IFRS 3 applies the parent concept when
Q10: Which is <b>NOT</b> true about proportional consolidation?<br>A)There