Which of the following statements is not correct in relation to joint control?
A)Joint control can exist without the existence of a contractual arrangement.
B)Joint control exists only where there is contractually agreed sharing of control.
C)Entities over which a party has joint control are accounted for in accordance with AASB 11 Joint Arrangements.
D)Joint control requires the unanimous consent of the parties sharing control.

Question

Quizplus · Accepted Answer

Joint control requires a contractual arrangement, so it cannot exist without one.

Which of the Following Statements Is Not Correct in Relation