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- IAS 28 – Investments in Associates and Joint Ventures 0%
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Question 1 of 10
1. Question
Under the equity method, on initial recognition the investment in an associate or a joint venture is recognised __________, and the carrying amount is increased or decreased to recognise the investor’s share of the profit or loss of the investee after the date of acquisition.
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Question 2 of 10
2. Question
Which of the following measures provides the most informative reporting of the investor’s net assets and profit or loss?
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Question 3 of 10
3. Question
IFRS 9 Financial Instruments shall be applied to interests in associates and joint ventures that are accounted for using the equity method.
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Question 4 of 10
4. Question
Unless an investment, or a portion of an investment, in an associate or a joint venture is classified as held for sale in accordance with IFRS 5 Non-current Assets Held for Sale and Discontinued Operations, the investment, or any retained interest in the investment __________.
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Question 5 of 10
5. Question
Under which of the following circumstances shall the entity apply the equity method?
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Question 6 of 10
6. Question
When an entity has an investment in an associate, a portion of which is held indirectly through a venture capital organisation, the entity may elect to measure that portion of the investment in the associate at fair value through profit or loss in accordance with IFRS 9 __________ the venture capital organisation has __________ over that portion of the investment.
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Question 7 of 10
7. Question
Which of the following statements is true with regards to an entity that discontinues the use of the equity method from the date when its investment ceases to be an associate or a joint venture?
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Question 8 of 10
8. Question
If an investment in an associate becomes an investment in a joint venture or an investment in a joint venture becomes an investment in an associate, the entity continues to apply the equity method and does not remeasure the retained interest.
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Question 9 of 10
9. Question
Gains and losses resulting from ‘upstream’ and ‘downstream’ transactions involving assets that do not constitute a business, as defined in IFRS 3 Business Combinations, between an entity and its associate or joint venture __________.
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Question 10 of 10
10. Question
Under which of the following circumstances shall the investor recognise its share in losses incurred?
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