Question 1 0.5 pts According to AASB 128, if the joint venturer subsequently reports losses, the investor resumes recognising its share of those losses only after its share of the losses the share of profits previously not recognised. suspend equals to is more than is less than Question 6 0.5 pts Bobs Ltd sold an item of plant to its subsidiary Mobs Ltd on 1 January 2021 for $45 000. The asset had cost Bobs Ltd $80 000 when acquired on 1 January 2019. At that time, the remaining useful life of the plant was assessed at 5 years. The adjustment necessary on consolidation to reflect the tax effects of the consequential depreciation adjustment for the year ended 30 June 2021 will result in: an increase in income tax expense and a decrease in deferred tax liabilities a decrease in deferred tax liabilities and a decrease in income tax expense an increase in income tax expense and a decrease in deferred tax assets a decrease in deferred tax assets and a decrease in income tax expense Question 11 0.5 pts At acquisition date which of the following is not required to be recognised by the acquirer as per AASB 3? Contingent assets of the acquiree Previously held equity interest of the acquiree by the non-controlling interests o Liabilities assumed Internally generated intangibles of the acquiree Question 16 0.5 pts PetroPar Bank has lent Zhamsul Limited $3 million. Part of the loan contract prevents Zhamsul Limited from borrowing money in the future from any other financial institutions without the prior permission of PetroPar bank. As a result of this relationship: a parent-subsidiary relationship is regarded as existing between these two parties as PetroPar Bank is able to direct the relevant activities of Zhamsul Limited a parent-subsidiary relationship does not exist between these two parties Zhamsul Limited is regarded as an associate of PetroPar Bank as PetroPar has significant influence in Zhamsul Limited PetroPar Bank is regarded as a parent company of Zhamsul Limited