Where an investor has significant influence over an investee and is not a parent entity itself,AASB 128 requires that the equity accounted investment be:
A) Reported as a note disclosure in the investor entity's own legal books.
B) Presented as part of group accounts prepared for the purpose of reporting the impact of associated companies on the financial performance and position of the investor entity.
C) Included in the financial statements of the investor entity itself.
D) Provided as an additional statement separately from the legal entity's own accounts and identified as a report of the impact of associate entities and not as group accounts.
E) None of the given answers.
Correct Answer:
Verified
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