alleryStart learning →On first applying AS 23, the carrying amount reflects equity accounting since when?
ALast balance sheet date
BStart of current year
CDate of the agreement
DAcquisition of the associate
Answer & Solution
Correct answer: D. Acquisition of the associate
The investment is restated as if the equity method had been followed from the acquisition of the associate.
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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