Where an Investor Has Discontinued the Use of the Equity

question 4

Multiple Choice

Where an investor has discontinued the use of the equity method because the associate has incurred losses it must disclose the:

• A) reason why it has discontinued the method.
• B) accounting policy it has adopted in place of the equity method.
• C) effect on the statement of changes in equity if it had continued to use the method.
• D) unrecognised share of current period and cumulative losses of the associate.

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