An enttiy has 25% investment in ordinary share and 20% investment is preference share over the investee. Which of the following is TRUE? A. Both investments may be classified as investment in associate B. Both investments mat be classified as investment in associate C. The 20% may be classified as investment at amortized cost 25% may be classifies as investment at fair value D. The 25% interest mat be classified as investment at fair value and 20% may be classified as investment in associate
An enttiy has 25% investment in ordinary share and 20% investment is preference share over the investee. Which of the following is TRUE? A. Both investments may be classified as investment in associate B. Both investments mat be classified as investment in associate C. The 20% may be classified as investment at amortized cost 25% may be classifies as investment at fair value D. The 25% interest mat be classified as investment at fair value and 20% may be classified as investment in associate
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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An enttiy has 25% investment in ordinary share and 20% investment is
A. Both investments may be classified as investment in associate
B. Both investments mat be classified as investment in associate
C. The 20% may be classified as investment at amortized cost 25% may be classifies as investment at fair value
D. The 25% interest mat be classified as investment at fair value and 20% may be classified as investment in associate
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