The concept that underpins consolidations is:
A) The entity concept, as explained in the Corporations Act
B) The parent entity concept, as explicitly mentioned in AASB 127
C) The entity concept, as implied by the functioning of AASB 127 and explicitly mentioned in predecessor standards.
D) The proprietary concept, as explicitly described in AASB 3 and AASB 127.
Correct Answer:
Verified
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