Which of the Following Statements Is Correct,for an Investment from the Date

question 16

Multiple Choice

Which of the following statements is correct,for an investment from the date on which it becomes an associate?

• A)fair values are compared with the cost of the investment,thus any change in the carrying amount of the investment since the date of purchase should be reversed
• B)fair values must be determined at the date on which significant influence is obtained
• C)AASB 128 states that an investment in an associate is accounted for using the equity method from the date on which it becomes an associate
• D)all of the above

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Definitions:

Reliability

The degree to which a system or component consistently performs its intended function under specified conditions over time.

Simulation Models

Computer-based models that represent real-world processes or systems for the purpose of analysis or decision-making.

Expert Systems

Expert systems are advanced computer programs designed to mimic the decision-making abilities of a human expert, typically in specific fields or disciplines.

Components in Parallel

Parts of a system designed to operate simultaneously, ensuring that if one part fails, the system as a whole can still function.