Answered: 18. Relationships between a parent and…

18. Relationships between a parent and its subsidiaries a. shall be disclosed by an SME irrespective of whether there have been

SWFT Corp Partner Estates Trusts

42nd Edition

ISBN:9780357161548

Author:Raabe

Publisher:Raabe

Chapter11: Partnerships: Distributions, Transfer Of Interests, And Terminations

Section: Chapter Questions

Problem 9DQ

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Concept explainers

Consolidation

Consolidation in general examination implies an asset oscillating between well-defined methods of trading status. Consolidation is commonly known as market indecisiveness, which completes when the asset's values move forward or backward the trading structure.

Question

18. Relationships between a parent and its subsidiaries

a. shall be disclosed by an SME irrespective of whether there have been related party transactions.

b. shall be disclosed by an SME only if there have been related party transactions.

c. is not disclosed by an SME because an SME cannot be a parent. If the SME is a subsidiary, it is required to use the full PFRSs as these are the required standards for use by the SME’s parent.

d. a or b as a matter of accounting policy choice.

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