Where the parent entity holds less than 100 per cent interest in a subsidiary,AASB 127 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.
E) All of the given answers.

Question

Quizplus · Accepted Answer

AASB 127 requires the disclosure of the subsidiary's share capital and reserves as well as the subsidiary's profit or loss. The remaining shareholders' interests relate to the equity of the subsidiary, which includes share capital and reserves, and the profit or loss of the subsidiary. Therefore, options A, B, and C are partially correct, but only option D includes both items required by AASB 127. Option E is incorrect as it implies that all items need to be disclosed, which is not the case.

Where the Parent Entity Holds Less Than 100 Per Cent