Under IFRS 10, parent corporation is the entity that controls one or more entities. How does IFRS 10 define control? Choose the best answer A. An investor controls an investee when it owns more than 50% of all the outstanding capital stocks, whether common or preferred. B. An investor controls an investee when it has the power to govern the financial and operating policies of an entity so as to obtain benefits from its activities. C. An investor controls an investee when it has the ability to influence the financial and operating policies of an entity so as to obtain benefits from its activities. D. An investor controls an investee when it is exposed, or has the right to variable return from the investment with the investee and has the ability to affect those returns through the power over the investee.
Under IFRS 10, parent corporation is the entity that controls one or more entities. How does IFRS 10 define control?
Choose the best answer
A. An investor controls an investee when it owns more than 50% of all the outstanding capital stocks, whether common or preferred.
B. An investor controls an investee when it has the power to govern the financial and operating policies of an entity so as to obtain benefits from its activities.
C. An investor controls an investee when it has the ability to influence the financial and operating policies of an entity so as to obtain benefits from its activities.
D. An investor controls an investee when it is exposed, or has the right to variable return from the investment with the investee and has the ability to affect those returns through the power over the investee.
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