alleryStart learning →Control of an investee, usually through over 50% of voting shares, results in recognition of what?
AAn associate
BA joint venture
CA subsidiary
DA branch office
Answer & Solution
Correct answer: C. A subsidiary
Control usually through more than 50% of voting shares makes the investee a subsidiary whose statements are consolidated.
Keep practising Consolidated Financial Statements (Ind AS 110)
Browse all Consolidated Financial Statements (Ind AS 110) questions for CA Final, or explore more Financialreporting topics.
Related questions
Which business combination method has been disallowed under US GAAP since 2001?Goodwill can be recognised only through what?Goodwill in consolidated statements is treated as what type of asset?Acquirer pays Rs 60,000 for 100% of net assets with fair value Rs 40,000. Goodwill equals:A buys 100% of B for Rs 20 lakh. B's identifiable net assets at fair value are Rs 9 lakh. Goodwill arises when the price paid for a company exceeds what?A negative goodwill result on acquisition is recognised as what?Consideration transferred in a business combination is measured at: