Question
Question 1 (a) Suggest TWO (2) reasons why a parent company may not wish to consolidate a subsidiary company and describe the circumstances in which
Question 1
(a) Suggest TWO (2) reasons why a parent company may not wish to consolidate a subsidiary company and describe the circumstances in which non-consolidation of subsidiaries is permitted by Malaysian Accounting Standards.
[4 marks]
(b) Define the meaning of a subsidiary and explain how control is achieved. [4 marks]
(c) Define the meaning of an associate and significant influence. [4 marks]
(d) A company can be classified as either a private or a public company. Give TWO (2) characteristics of a private company under the Companies Act 2016. [4 marks]
(e) Elaborate THREE (3) main steps involved in issuance of shares. [4 marks]
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
10th Edition
1119491630, 978-1119491637, 978-0470534793
