According to AASB 12 Disclosure of Interests in Other Entities,an entity that has been designed so that voting or similar rights are not the dominant factor in deciding who controls the entity is known as a:
A)controlling entity.
B)structured entity.
C)dominant entity.
D)rights entity.

Question

Quizplus · Accepted Answer

A structured entity is defined in AASB 12 as an entity that has been designed so that voting or similar rights are not the dominant factor in deciding who controls the entity. Therefore, the correct answer is B.