alleryStart learning →Under Ind AS 28, an entity holding under 20 per cent of the voting power is presumed to:
Ahave full control over it
Bhave joint control of it
Clack significant influence
Dhold a majority stake
Answer & Solution
Correct answer: C. lack significant influence
Below 20 per cent the presumption is that no significant influence exists, though clear evidence can rebut it.
Keep practising Ind AS 27, 28 and 111 Separate Financial Statements, Associates and Joint Ventures
Browse all Ind AS 27, 28 and 111 Separate Financial Statements, Associates and Joint Ventures questions for CA Final, or explore more Financialreporting topics.
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