CAF-6 · Chapter 9 · Question 8 of 15
In the Consolidated Statement of Financial Position, 'Share Capital' should reflect:
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) Only the Parent's share capital.
Explanation
The consolidated share capital always represents the capital of the parent company only.
More Consolidation (IFRS 10, IFRS 3) MCQs
- Q10At the reporting date, NCI in the Statement of Financial Position is calculated as:
- Q11How are 'Intra-group balances' (like a loan from parent to subsidiary) treated on consolidation?
- Q12Consolidated Retained Earnings include 100% of the Parent's retained earnings plus:
- Q13Which of the following is NOT an 'Identifiable' asset for IFRS 3 purposes?
- Q14'Acquisition-related costs' (like legal and accounting fees for the merger) should be: