Question: Under IFRS a parent may exclude a subsidiary from consolidation only if all of the following conditions exist, except a. It is wholly or partially

Under IFRS a parent may exclude a subsidiary from consolidation only if all of the following conditions exist, except

a. It is wholly or partially owned and its owners do not object to nonconsolidation.

b. It does not have any debt or equity instruments publicly traded.

c. It has one class of stock.

d. Its parent prepares consolidated financial statements that comply with IFRS.

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