alleryStart learning →An associate becomes a joint venture of the investor. The investor:
Aremeasures the old stake
Bkeeps equity method as is
Cswitches to Ind AS 109
Dtreats it as a subsidiary
Answer & Solution
Correct answer: B. keeps equity method as is
A switch between associate and joint venture keeps the equity method and the retained interest is not remeasured.
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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