There is no formal definition of terms 'investor' and 'investee' under current accounting standards.

Name: There is no formal definition of terms 'investor' and 'investee' under current accounting standards.
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Question

Quizplus · Accepted Answer

While the terms 'investor' and 'investee' are widely used in financial reporting, there is no standardized definition of these terms under current accounting standards such as GAAP (Generally Accepted Accounting Principles) and IFRS (International Financial Reporting Standards).

There Is No Formal Definition of Terms 'Investor' and 'Investee