In relation to associate companies, which of the following investor's share does not have to be recorded in the consolidated accounts?
A)Fixed assets.
B)Attributable tax.
C)Retained profits.
D)Profit or loss.

Question

Quizplus · Accepted Answer

The investor's share of fixed assets of an associate company does not have to be recorded in the consolidated accounts. This is because fixed assets of an associate company are already included in the associate company's own balance sheet, which is presented separately in the consolidated financial statements. However, the investor's share of attributable tax, retained profits, and profit or loss of the associate company must be recorded in the consolidated accounts.

In Relation to Associate Companies, Which of the Following Investor's