Where an entity directly holds more than 50% of the voting rights of another entity, they are presumed to have power in accordance with AASB 10/IFRS 10 Consolidated Financial Statements.

Question

Quizplus · Accepted Answer

According to AASB 10/IFRS 10 Consolidated Financial Statements, an entity is presumed to have power when it directly holds more than 50% of the voting rights of another entity.

Where an Entity Directly Holds More Than 50% of the Voting