In the separate financial statements of a parent entity,investments not classified as held for sale are accounted for:
A) at cost.
B) at fair value.
C) at either cost or fair value.
D) not recorded.

Question

Quizplus · Accepted Answer

Investments not classified as held for sale can be accounted for at either cost or fair value, depending on the accounting policy chosen by the parent entity. The choice between cost or fair value may depend on factors such as the nature and objective of the investment, the extent of the parent's influence over the investee, and the availability of reliable fair value measurements.

In the Separate Financial Statements of a Parent Entity,investments Not