alleryStart learning →A joint venture entity that is also an AS 21 subsidiary is treated how?
AShown as an associate
BProportionately merged
CConsolidated under AS 21
DHeld as an investment
Answer & Solution
Correct answer: C. Consolidated under AS 21
Where joint control is created over what is in substance a subsidiary, the enterprise consolidates it under AS 21 and not as a joint venture.
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