Where an entity prepares consolidated financial statements, the equity method is applied to associates or joint ventures of the _________________________ in the consolidated financial statements, and not in the accounts of the ________ itself.

Question

Quizplus · Accepted Answer

The equity method is applied to associates or joint ventures in the consolidated financial statements of the parent and its subsidiaries, not in the accounts of the parent itself.

Where an Entity Prepares Consolidated Financial Statements, the Equity Method