Adjustments made for the purpose of calculating the incremental adjustment to the share of profit of an associate are:
A) recognised in the books of the investee.
B) recognised in the books of the investor.
C) notional adjustments and not recorded in the books of the investee.
D) relate to realised transactions and so are recognised directly by the investee.
Correct Answer:
Verified
Q6: Colette Ltd, owns 25% of Ambrose Ltd.
Q7: Where there are transactions between the investor
Q8: Where an investor sells inventories to an
Q9: Robert Limited acquired a 25% interest in
Q10: David Limited acquired a 20% share in
Q12: For the purposes of equity accounting, significant
Q13: Carnation Ltd purchased a 25% shareholding in
Q14: Where an acquisition in an associate results
Q15: Where an investor sells inventories to an
Q16: On 1 July 2021 Barry Ltd
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