https://vuws.westernsydney.edu.au/webapps/turn-plgnhndl-BBLEARN/links/submit.jsp?course_id=_20522_1&content_id=_2762043_1&orig_id=_2762043_1 username: 17764070pass: Work@1234 1.press on write...

1. The answer properly addresses the Harvey Norman ownership structure issues. The answer highlights the current structural issues faced by Harvey Norman. By reading this answer one get the proper overview of the issues which this news article discusses. This answer can be improved further if the following issues are rectified:-
· There is a lack of clarity on whether currently, Harvey Norman operates as a franchisee or as a consolidated company as per the definition of AASB 10 Consolidated Financial Statements. Though this issue has been explained by the answer the answer should highlight the features of the company which reflects its independent franchise status and features which prove it to be consolidated so as to explain the current state of affairs.
· More detailed information on the AASB 10 Consolidated Financial Statements definitions. These definitions should be related to the facts present in the given case.
· The answer discusses the impact of ASIC inquiry if the Harvey Norman is found consolidated. This was not required as the question only focuses on the current structure or the confusion related to the current business structure of Harvey Norman.
· More detailed...