Question
The factors that are taken into consideration in determining whether or not an entity should be consolidated under AASB 10 include: Select one: a. the
The factors that are taken into consideration in determining whether or not an entity should be consolidated under AASB 10 include:
Select one:
a. the nature of the legal form of the entity and whether or not the 'parent' entity owns enough of the equity in the entity to effectively control the benefits that flow from the relationship with the other entity.
b. whether or not the potential 'parent' entity controls the other entity and whether or not it is in a significantly different business to the potential 'parent'.
c. the number of members on the board under the control of the potential 'parent' entity, and whether or not the other entity has been partitioned by the potential 'parent' entity
d. whether or not the potential 'parent' entity controls the other entity.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started