Where a non-controlling interest exists in a subsidiary, AASB 12 /IFRS 12 Disclosure of Interests in Other Parties requires parent entities to disclose which of the following for each such subsidiary? I Summarised financial information about each subsidiary. |I The proportion of ownership interests held by non-controlling interests. IIi If the subsidiary is not wholly owned, the names of all other members.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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F2

Where a non-controlling interest exists in a
subsidiary, AASB 12 /IFRS 12 Disclosure of
Interests in Other Parties requires parent
entities to disclose which of the following for
each such subsidiary?
I Summarised financial information about
each subsidiary.
II The proportion of ownership interests held
by non-controlling interests.
IIÍ If the subsidiary is not wholly owned, the
names of all other members.
IV The country of incorporation of
subsidiaries.
Select one:
I, II, III and IV
| and IV only
II, III and IV only
I, Il and IV only
Transcribed Image Text:Where a non-controlling interest exists in a subsidiary, AASB 12 /IFRS 12 Disclosure of Interests in Other Parties requires parent entities to disclose which of the following for each such subsidiary? I Summarised financial information about each subsidiary. II The proportion of ownership interests held by non-controlling interests. IIÍ If the subsidiary is not wholly owned, the names of all other members. IV The country of incorporation of subsidiaries. Select one: I, II, III and IV | and IV only II, III and IV only I, Il and IV only
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