Question
Clare Ltd owns 20% of Ellie Ltd and governs the financial decisions of Ellie Ltd; but Clare Ltd does not govern the operating decisions of
Clare Ltd owns 20% of Ellie Ltd and governs the financial decisions of Ellie Ltd; but Clare Ltd does not govern the operating decisions of Ellie Ltd. Under AASB accounting standards Clare Ltd would:
Select one:
consolidate Ellie Ltd because Clare Ltd governs the financial decisions of Ellie Ltd.
not consolidate Ellie Ltd, because Clare Ltd must govern totally all aspects of the subsidiarys decisions
not consolidate Ellie Ltd because the percentage ownership is not greater than 50%.
not consolidate Ellie Ltd because the ownership percentage accords with accounting for associates.
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Construction Industry IRS Audit Techniques Guide
Authors: Internal Revenue Service
1st Edition
1304131920, 978-1304131928
