NCI approval is needed to use a subsidiary's assets. Which concept is this?
AGoodwill impairment
BReverse acquisition
CHedge accounting
DProtective rights of NCI
Answer & Solution
Correct answer: D. Protective rights of NCI
Protective rights of non-controlling interests can restrict access to assets or settlement of liabilities, which paragraph 13(b) covers.
Keep practising Ind AS 112 Disclosure of Interests in Other Entities
Browse all Ind AS 112 Disclosure of Interests in Other Entities questions for CA Final, or explore more Financialreporting topics.
Related questions
How should disclosures for similar entities be aggregated?Which is included in income from a structured entity?For a sponsored structured entity with no interest at year end, what is disclosed?Maximum exposure to loss cannot be quantified. What must the entity disclose?Which amount is disclosed for unconsolidated structured entities?A typical customer supplier relationship alone has what effect on having an interest in anWhat is a structured entity?An unconditional purchase obligation to buy equipment for a joint venture is what?