CIMA Exam CIMAPRA19-F01-1 Topic 4 Question 23 Discussion

Actual exam question for CIMA's CIMAPRA19-F01-1 exam

Question #: 23
Topic #: 4

For an entity to be exempt from preparing consolidated financial statements it must meet certain criteria specified in IFRS 10 Consolidated Financial Statements.

Which of the following conditions would give exemption from preparing consolidated financial statements?

AThe parent's securities are publicly traded.

BThe parent is in the process of issuing securities in a public securities market.

CThe parent is a wholly owned subsidiary of another entity.

DAll of the parent's subsidiaries are in one country.

Show Suggested Answer

Suggested Answer: C

by Alecia at May 03, 2022, 01:37 PM

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