The line by line method of accounting for interests in jointly controlled entities is recommended by AASB131 because:
A) it reflects the venturer's control over the future economic benefits
B) it is the method used for jointly controlled operations and jointly controlled assets which only differ from jointly controlled entities in their legal form
C) it is consistent with the legal form of a joint arrangement
D) none of the above
Correct Answer:
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Q15: A jointly controlled entity can be:
A) a
Q16: The line by line method of accounting
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Q18: Where a venturer is a subsidiary company,the
Q20: The concept of joint control:
A) includes unilateral
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