Under Both IFRS and ASPE, Investors Can Use Either the Cost

question 117

True/False

Under both IFRS and ASPE, investors can use either the cost model or the equity method for significantly influenced investments.

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Definitions:

Table Datasheet

A view in databases that displays data in rows and columns, similar to a spreadsheet.

Data Type

Refers to the classification of the kind of data that a variable or object can hold in programming or data storage, such as integer, float, string, or boolean.

Property

An attribute or characteristic of an object, often used in programming to define or access the object's state.

Record

In databases, a row in a table that contains unique data or a set of fields that are related to a single entity.