Under paragraph 4, if an entity presents both consolidated and separate financial statements, the IAS 33 disclosures need only be determined on the basis of:
A) parent entity only
B) subsidiary entities only
C) consolidated information
D) the entity has choice of either parent entity or consolidation

Question

Quizplus · Accepted Answer

According to paragraph 4, when an entity presents both consolidated and separate financial statements, the IAS 33 disclosures need to be determined on the basis of consolidated information only. This means that the disclosures should relate to the group as a whole, rather than individual entities within the group. Therefore, option C is the best choice.

Under Paragraph 4, If an Entity Presents Both Consolidated and Separate