alleryStart learning →An associate becoming a subsidiary is accounted for under:
AInd AS 103 with Ind AS 110
BInd AS 109 and Ind AS 32
CInd AS 105 and Ind AS 36
DInd AS 111 and Ind AS 27
Answer & Solution
Correct answer: A. Ind AS 103 with Ind AS 110
The equity method stops and the entity applies the business combination and consolidation standards.
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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