Question: IFRS also follows the 50 percent control rule when determining whether the parent should c ________ e its subsidiary. However, IFRS uses the 50 percent

IFRS also follows the 50 percent control rule when determining whether the parent should c ________ e its subsidiary.

However, IFRS uses the 50 percent rule more loosely than U.S. GAAP.

IFRS considers the potential voting rights and the amount of influence the parent has over the subsidiary for consolidation purposes. Evidently IFRS is [much more straightforward / more complex in its interpretation]

than U.S. GAAP.

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