alleryStart learning →If the equity method does not apply, which standard governs the investment?
AAS 21
BAS 2
CAS 13
DAS 10
Answer & Solution
Correct answer: C. AS 13
Such associates are carried like ordinary investments under AS 13.
Keep practising AS 23 Investments in Associates
Browse all AS 23 Investments in Associates questions for CA Inter, or explore more Accounting topics.
Related questions
An enterprise controlled by another enterprise is called a what?Consolidated financial statements present a group as what?An enterprise is NOT an associate if it is what?A 40% held associate revalues assets with a surplus of Rs 2,00,000. Adjustment to carryingA 30% associate sold goods to the investor at Rs 50,000 profit, still unsold. Elimination?A Rs 4,00,000 investment has an equity carrying amount of Rs 4,50,000 when influence ends.Unrecognised loss share is Rs 30,000. The investor's share of the next profit is Rs 50,000Rs 8,00,000 buys 40% of an associate with net assets of Rs 15,00,000. What is the goodwill