In accordance with IFRS 11 Joint Arrangements, a joint venture should be incorporated into the group financial

Fantastic news! We've Found the answer you've been seeking!

Question:

In accordance with IFRS 11 Joint Arrangements, a joint venture should be incorporated into the group financial statements using:

which one?

Full line-by-line consolidation

Proportionate consolidation only

Equity accounting only

Proportionate consolidation or equity accounting

Related Book For answer-question

International Accounting

ISBN: 978-0078110955

3rd Edition

Authors: Timothy Doupnik, Hector Perera

See More Books

Posted Date: Feb 15, 2024 12:50 AM

See More Questions

China Petroleum and Chemical Corporation China Petroleum and Chemical Corporation (CPCC) is one of a growing number of Chinese companies that has cross-listed its stock on foreign stock exchanges. To...
On January 1, Intergen, Inc., invests $200,000 for a 40% interest in Ryan, a new joint venture with two other partners, each investing $150,000 for 30% interest. Intergen plans to sell all of its...
A Case Study of Financial Reporting Issues Qing L. Burke Tim V. Eaton Miami University Alibaba Group Initial Public Offering: A Case Study of Financial Reporting Issues ABSTRACT: In September 2014,...
Assume that Polaris manufactures and sells 60,000 units of a product at $ 11,000 per unit in domestic markets. It costs $ 6,000 per unit to manufacture ($ 4,000 variable cost per unit, $ 2,000 fixed...
How do JCrew.com and Gap.com provide value to their customers beyond the physical products that they sell? Why would a customer purchase online instead of going to the store? Under what circumstances...
Fiji Inc., a developer of radiology equipment, has stock outstanding as follows: 25,000 shares of 1% cumulative preferred stock of $100 par, and 250,000 shares of $50 par common. During its first...
Three parallel-plate capacitors are separately connected to identical batteries. Capacitor 1 has a plate area $A$ and a plate separation $d$. Capacitor 2 has a plate area $2 A$ and a plate...
Then answer the following questions: 1. It is your sixtieth birthday. You plan to work 5 more years before retiring. Then you want to spend $20,000 for a Mediterranean cruise. What lump sum do you...
The definition, " ' Chiropractor ' means a person who is a medical quack with no legitimate scientific background," is an example of: Theoretical definition Definition by subclass Persuasive...
If $538,000 of 8% bonds are issued at 95, the amount of cash received from the sale is a. $581,040 b. $511,100 c. $538,000 d. $494,960 The entry used to journalize the issuance of a discounted note...
You're finding the current world situation (Covid, war in Ukraine, general rise in anger and violence in the world) stressful, and it's beginning to impact your performance at work. Which of the top...
Documentin the supplementary material section. Answer the discussion questions by applying concepts from the chapter readings, resources, and your experience. Be creative and innovative with your...
What a red bag reduction sustainability initiative proposal in outpatient dialysis and dialysis patients who do dialysis at home 3 financial strategies to fund implementation of the sustainability...
Give your impression and initial thoughts about the level of stress you encounter every day in your own jobs and lives. There's no need to get ultra-personal in this assignment; just identify sources...
On a dare a HHS student with a mass of 8 0 k g 8 0 k g jumps from a balcony onto a trampoline ( ( ( he survived by the way ) . ) . ) . After reviewing the video we measured that he was going 2 9 . 8...
A load of 75-j250 is connected to one end (z = 0) of a lossless 502 line with a length of 0.32, use Smith chart to find the following: (1) at the load location (magnitude and phase) (2) I at the...
Refer to Example 9.15. Add the following functionality to this program: Allow the user to enter the cost of a gallon of gas on each trip and use a function, Cost() to calculate the cost of purchasing...
On January 2, Year 1, Argy Companys board of directors granted 12,000 stock options to a select group of senior employees. The requisite service period is three years, with one-third of the options...
How might an analyst obtain the most recent financial statements for a foreign company in which he or she is interested?
Gamma Holding NV, a Dutch textile company, provided the following information in its consolidated income statement for the year 2009 (note that result is equivalent to income): Notes to the financial...
Margin of error = 18.2 cm, standard deviation = 95.2 cm
Margin of error = 0.5 g, standard deviation = 8.7 g
Margin of error = 3.5 ml, standard deviation = 155.2 ml

In accordance with IFRS 11 Joint Arrangements, a joint venture should be incorporated into the group financial

Question:

Expert Answer:

The detailed answer for the above question is provided below The correct answer is Proportionate con... View the full answer

International Accounting

Students also viewed these accounting questions