Reference no: EM132616310

Problem 1. Where a non-controlling interest exists in a subsidiary, AASB 12/IFRS 12 Disclosure of Interests in Other Parties requires parent entities to disclose which of the following for each subsidiary?

I. Summarized financial information about each subsidiary

II. The proportion of the ownership interests held by non-controlling interests

III. If the subsidiary is not wholly owned, the names of all the members

IV. The country of incorporation of subsidiaries

Option a. I, II, III and IV

Option b. II, III and IV only

Option c. I, II and IV only

Option d. I and IV only