When an investment ceases to be an associate,the fair value of the investment at the date when it ceases to be an associate shall be regarded as its fair value on initial recognition as a financial asset in accordance with AASB 139 "Financial Instruments: Recognition and Measurement".
Correct Answer:
Verified
Q3: Where an entity holds a controlling equity
Q3: 'Significant influence' normally stems from the investor's
Q6: Opponents of equity accounting argue that it
Q7: An equity investment that is expected to
Q8: Examples of marketable securities are debentures,shares,options or
Q8: To account for financial instruments,there are three
Q9: Investments in associates held by mutual funds
Q10: Investments are commonly classified into seven different
Q18: AASB 128 defines an 'investee' as an
Q19: In accordance with AASB 137 Provisions,Contingent Liabilities
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents