Based on the presumption in IAS 27, the cost method is applied for equity securities when the percentage of ownership of another company is: Select one: A. 20% to 50%. B. Exactly 100%. C. Less than 20%. D. Over 50%.
Based on the presumption in IAS 27, the cost method is applied for equity securities when the percentage of ownership of another company is: Select one: A. 20% to 50%. B. Exactly 100%. C. Less than 20%. D. Over 50%.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Based on the presumption in IAS 27, the cost method is applied for equity securities when the percentage of ownership of another company is:
Select one:
A. 20% to 50%.
B. Exactly 100%.
C. Less than 20%.
D. Over 50%.
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Based on the presumption in IAS 27, the cost method is applied for equity securities when the percentage of ownership of another company is over 50%.
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