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- IFRS 12 – Disclosure of Interests in Other Entities 0%
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Question 1 of 10
1. Question
Which of the following statements does not agree with IFRS 12 regarding the nature and extent of significant restrictions?
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Question 2 of 10
2. Question
An entity shall disclose the terms of any contractual arrangements that could require the parent or its subsidiaries to provide financial support to a consolidated structured entity, except the events or circumstances that could expose the reporting entity to a loss.
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Question 3 of 10
3. Question
An entity shall __________ that shows the effects on the equity attributable to owners of the parent of any changes in its ownership interest in a subsidiary that __________.
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Question 4 of 10
4. Question
__________ that, in accordance with IFRS 10, is required to apply the exception to consolidation and instead account for its investment in a subsidiary at fair value through profit or loss shall disclose that fact.
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Question 5 of 10
5. Question
Which of the following an investment entity shall disclose?
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Question 6 of 10
6. Question
If during the reporting period an investment entity or any of its unconsolidated subsidiaries has, without having a contractual obligation to do so, provided financial or other support to an unconsolidated, structured entity that the investment entity did not control, and if that provision of support resulted in the investment entity controlling the structured entity, the investment entity shall disclose an explanation of the relevant factors in reaching the decision to provide that support.
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Question 7 of 10
7. Question
Which of the following information shall an entity that has interests in joint arrangements and associates disclose?
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Question 8 of 10
8. Question
Which of the following statements is not true regarding the entity’s disclosure of contingent liabilities incurred relating to its interests in joint ventures or associates?
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Question 9 of 10
9. Question
Which of the following is not true regarding the requirements of IFRS 12 to disclose the nature of risk?
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Question 10 of 10
10. Question
For the purpose of IFRS 12, income from a structured entity includes, but is not limited to, recurring and non-recurring fees, interest, dividends, gains or losses on the remeasurement or derecognition of interests in structured entities and gains or losses from the transfer of assets and liabilities to the structured entity.
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