Gerard Corporation had purchased an investment in 2011 (an equity investment without significant control).The purchase price of $94,000 included transaction costs of $1,000.Assuming the transaction costs were capitalized and Gerard uses the appropriate IFRS method, which model did Gerard NOT use to account for this investment?

Question

Quizplus · Accepted Answer

The Answer of Gerard Corporation had purchased an investment in 2011 (an equity investment without significant control).The purchase price of $94,000 included transaction costs of $1,000.Assuming the transaction costs were capitalized and Gerard uses the appropriate IFRS method, which model did Gerard NOT use to account for this investment?

Gerard Corporation Had Purchased an Investment in 2011 (An Equity