Which is NOT true about proportional consolidation?
A) There is no non- controlling interest
B) It is allowed under IFRS 11 for a parent - subsidiary relationship
C) it is not allowed under IFRS 11 for a parent- subsidiary relationship
D) It is a traditional option in accounting for joint ventures.
Correct Answer:
Verified
Q1: Which of these is NOT a difference
Q2: Which of these is not an alternative
Q3: Which is NOT true about pooling of
Q4: The IFRS allows use of all alternative
Q6: Which of the following is not a
Q7: IFRS 3 is more recent than IAS
Q8: IAS 28 and 31 both apply to
Q9: An advantage of pooling of interests accounting
Q10: IFRS 3 applies the parent concept when
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