Where There Are Transactions Between the Investor and Associate That

question 9

Multiple Choice

Where there are transactions between the investor and associate that result in an unrealised profit, the investor's share of the associate's profit is:

• A) affected only if the transaction is an upstream one.
• B) affected only if the transaction is a downstream one.
• C) affected regardless of whether the transaction is an upstream or downstream one.
• D) not affected at all regardless of whether the transaction is an upstream or downstream one.