IAS 28 states that a substantial or majority ownership by another investor necessarily precludes an investor from having significant influence.

Question

Quizplus · Accepted Answer

According to IAS 28, a substantial or majority ownership by another investor may or may not necessarily preclude an investor from having significant influence. It depends on the specific circumstances and level of control exercised by the majority owner.

IAS 28 States That a Substantial or Majority Ownership by Another