For Companies Reporting Under IFRS, If 10% of the Common

question 96

Multiple Choice

For companies reporting under IFRS, if 10% of the common shares of an investee company are purchased as a long-term investment, the investment is reported

• A) at fair value.
• B) using the equity method.
• C) using consolidated financial statements.
• D) determined by agreement with whomever owns the remaining 90% of the shares.