When assessing control, which of the following does the investor consider?
A) The purpose and design of the investee to determine its relevant activities
B) How decisions about the relevant activities are made
C) Who has power over those activities
D) Who has rights to returns from the investee
E) All of the above

Question

Quizplus · Accepted Answer

When assessing control, the investor considers all aspects mentioned: the purpose and design of the investee to determine its relevant activities, how decisions about the relevant activities are made, who has power over those activities, and who has rights to returns from the investee. These factors collectively help in determining whether the investor has control over the investee.

When Assessing Control, Which of the Following Does the Investor