alleryStart learning →Must AS 18 disclose effects of influences that lead to no transactions?
AYes, in a schedule
BYes, for subsidiaries
CNo, not required
DYes, if it is material
Answer & Solution
Correct answer: C. No, not required
Management finds it inherently difficult to measure influences that produce no transactions, so the standard does not require disclosing them.
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Related questions
An enterprise is deemed able to appoint a director if the director is what?If a regulator prohibits some required disclosure, AS 18 says what?Significant influence may be gained by share ownership, statute or what?An investor with under 20 percent voting power is presumed to have what?Which is cited as a way of exercising significant influence?An intermediary is a subsidiary as defined in which standard?Which of these is usually key management personnel in a company?Enterprises owned by directors or major shareholders are what under AS 18?