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- IAS 28 – Investments in Associates and Joint Ventures 0%
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Question 1 of 10
1. Question
IAS 28 shall be applied by all entities that are investors with __________ an investee.
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Question 2 of 10
2. Question
An associate is an entity over which the investor has control.
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Question 3 of 10
3. Question
Which of the following is not true in in respect with the equity method of accounting?
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Question 4 of 10
4. Question
Which of the following defines the term ‘joint venture’?
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Question 5 of 10
5. Question
Significant influence is the power to participate in the financial and operating policy decisions of the investee but is not control or joint control of those policies.
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Question 6 of 10
6. Question
If an entity holds, directly or indirectly, __________ of the voting power of the investee, it is presumed that the entity has significant influence, unless it can be clearly demonstrated that this is not the case.
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Question 7 of 10
7. Question
Which of the following does not necessarily evidence the existence of significant influence by an entity?
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Question 8 of 10
8. Question
An entity may own __________ that are convertible into ordinary shares, or other similar instruments that have the potential, if exercised or converted, to give the entity additional voting power or to reduce another party’s voting power over the financial and operating policies of another entity.
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Question 9 of 10
9. Question
Under which of the following circumstances does an entity lose significant power over the investee?
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Question 10 of 10
10. Question
In assessing whether potential voting rights contribute to significant influence, the entity examines all facts and circumstances that affect potential rights, __________.
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