Where the parent entity holds less than 100 per cent interest in a subsidiary,AASB 10 requires the remaining shareholders' interests in what items to be disclosed?
A) the subsidiary's share capital and reserves
B) the subsidiary's profit or loss
C) the subsidiary's current and non-current assets
D) the subsidiary's share capital and reserves and the subsidiary's profit or loss

Question

Quizplus · Accepted Answer

AASB 10 requires disclosure of both the subsidiary's share capital and reserves as well as the subsidiary's profit or loss. This is because these items are directly affected by the remaining shareholders' interests in the subsidiary. Disclosure of the subsidiary's current and non-current assets alone would not adequately capture this information.

Where the Parent Entity Holds Less Than 100 Per Cent