Questions
22754 Corporate Accounting - Autumn 2025 Online Self-study Quiz (Module 2A)
Single choice
In AASB 10, indicators of an acquiring entity’s power to control the other combining entities in a business combination do not include the power to:
Options
A.exercise more than half of the voting rights in another entity through the site of the voting power or by virtue of an agreement with other investors.
B.appoint or remove a majority of the members of the governing body of the acquired entities.
C.cast the majority of votes at meetings of the governing body.
D.none of the above.
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Step-by-Step Analysis
The question asks about indicators in AASB 10 that show an acquiring entity’s power to control other entities in a business combination, specifically asking which indicator does not reflect such power.
Option 1: 'exercise more than half of the voting rights in another entity through the site of the voting power or by virtue of an agreement with other investors.' Having more tha......Login to view full explanationLog in for full answers
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