An entity can control another entity with an ownership interest of less than 50%, but only if there is a legally-binding contract in place between all investors that passes control to the entity.
Correct Answer:
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Q23: According to AASB 12/IFRS 12 Disclosure of
Q24: Entities can only classify investments in other
Q25: Where a non-controlling interest exists in a
Q26: Control is the criterion for determining whether
Q27: Where an entity directly holds more than
Q29: Control is defined within AASB 10/IFRS 10
Q30: The consolidation process involves making adjustments to
Q31: Kowloon Limited is an entity listed in
Q32: Juliet Ltd is a listed public company
Q33: Which of the following is not included
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