alleryStart learning →Significant influence is best described as the power to:
Adirect every relevant activity
Bappoint the investee's auditor
Cjoin policy decisions without control
Dveto every decision of investee
Answer & Solution
Correct answer: C. join policy decisions without control
It is the power to take part in financial and operating policy decisions of the investee without controlling or jointly controlling them.
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.
Related questions
Equity accounting is usually applied where the investor holds what share of voting shares?If facts and circumstances change, an entity should:A joint operator recognises in a joint operation:A joint venturer accounts for its interest in a joint venture using:In a joint venture, the parties with joint control have rights to the:A joint arrangement is one in which two or more parties have:A parent that skips consolidation and prepares separate statements must disclose:In a qualifying reorganisation, cost of the new parent's investment is: