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- IFRS 10 – Consolidated Financial Statements 0%
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Question 1 of 10
1. Question
An investor controls an investee if the investor not only has __________ the investee and exposure or rights to __________ from its involvement with the investee, but also has the ability to use its _________ to affect the investor’s returns from its involvement with the investee.
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Question 2 of 10
2. Question
A parent shall prepare consolidated financial statements using _______________ for like transactions and other events in similar circumstances.
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Question 3 of 10
3. Question
When shall the entity begin consolidation of an investee?
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Question 4 of 10
4. Question
Changes in a parent’s ownership interest in a subsidiary that do not result in the parent losing control of the subsidiary are equity transactions.
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Question 5 of 10
5. Question
A parent shall present non-controlling interests in the consolidated statement of financial position within…
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Question 6 of 10
6. Question
If a parent loses control of a subsidiary, the parent …
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Question 7 of 10
7. Question
What statement does not determine an investment entity?
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Question 8 of 10
8. Question
What are the typical characteristics of an investment entity according to IFRS 10?
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Question 9 of 10
9. Question
According to IFRS 10, under which circumstances an investment entity shall consolidate its subsidiary?
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Question 10 of 10
10. Question
In the most straightforward case, the investor that holds a majority of _____________, in the absence of any other factors, controls the investee.
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