ABC Ltd. has a 15% holding in the shares of XYZ Ltd. In addition, ABC has, through
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ABC Ltd. has a 15% holding in the shares of XYZ Ltd. In addition, ABC has, through one of its subsidiaries, a currently exercisable option to buy 15% more shares in XYZ. Although the exercise price is in the money, ABC does not have the intention and the financial ability to exercise this option. How should this investment be classified?
An associate
A subsidiary
A joint arrangement
An investment
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