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If a parent entity is to be exempt from preparing consolidated financial statements it needs to satisfy certain conditions according to IFRS 10 Consolidated Financial Statements.
Which TWO of the following are conditions that need to be satisfied to be exempt?
Suggested Answer: A, B
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9 comments · newest first
ST
Stevie
1 year ago
B is definitely a condition, but A seems a bit too simple.
FR
Francoise
1 year ago
I thought having subsidiaries meant you always need consolidated statements?
TE
Tequila
1 year ago
Wait, can a parent be exempt just because it's a subsidiary?
GI
Giuseppe
1 year ago
Totally agree, A and B make sense.
WI
Willard
1 year ago
A and B are the right conditions!
SH
Sheron
1 year ago
Hmm, I'm a bit confused. The question mentions disabling SSH access, so I'm not sure if that means we need to install something on the storage servers or the database servers. I'll have to think this through carefully.
ST
Stephania
1 year ago
I feel pretty confident about this one. The principle is saying that services need to be designed to be effective in any type of composition, not just ones of a specific size or complexity. A seems like the best answer.
MI
Mitsue
1 year ago
The key here is understanding how EVPN native operates. I believe the new MAC address will be sent as a Type 2 BGP route to the other PEs, so I'll go with option B.
GI
Gilma
1 year ago
This looks like a straightforward Citrix Web App Firewall configuration question. I think I can handle this one.