Which of the following examples of disclosures are required under IAS 27? The entity has elected not
Question:
Which of the following examples of disclosures are required under IAS 27?
The entity has elected not to prepare consolidated financial statements.
The entity measures its investments in subsidiaries and joint ventures at cost.
The entity has two subsidiaries (XYZ and UVW) and one joint venture (RST).
The subsidiaries are wholly owned whereas the joint venture is owned at 50%.
The activities of the subsidiaries and joint venture are real estate. The entity has elected not to prepare consolidated financial statements.
The entity measures its investments in subsidiaries at fair value.
The fair value was determined in accordance with its quoted price in the London Stock exchange at 31 December 20X1 of 500.
The entity has elected not to prepare consolidated financial statements. The entity measures its investments in subsidiaries at cost. The summarized financial information for the joint venture is as follows:
current assets – 200;
non-current assets – 400;
current liabilities – 300,
non-current liabilities – 300;
revenue – 1,200.
the entity has elected not to prepare consolidated financial statements. The entity measures its investments in subsidiaries at fair value. The amount of transactions with its Subsidiary A is 1,300. Trade receivables from Subsidiary A are 200. The borrowings from Subsidiary A amount to 1,100.
Expert Answer:
Based on the provided information the following example of disclosures are r... View the full answer
