Even though an investee may be an associate of an investor,if the shares of that associate are traded in an active market,AASB 128 Investment in Associates and Joint Ventures requires the application of the:

Question

Quizplus · Accepted Answer

AASB 128 requires the application of the equity method for investments in associates, even if the shares of the associate are traded in an active market. The equity method involves recognizing the investor's share of the associate's net assets and profits or losses in the investor's financial statements.

Even Though an Investee May Be an Associate of an Investor,if