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Question 1 A Asset Match the following statements/descriptions with the appropriate concept/terminology: Present obligation of the entity arising from past events is aan: Balance sheet is the other name of the Non controlling interest Translation gains and losses on foreign currency are reported in Statement of financial poution . A portion of equity of subsidiaries not owned by the reporting company is aan: D Discontinued Operations E. Equity Liability Retained Earnings Statement M. Statement of Comprehensive Income 75E Moving to another question will save this response