When Reporting Under the Accounting Standards for Private Enterprises (ASPE)

question 15

Multiple Choice

When reporting under the Accounting Standards for Private Enterprises (ASPE) which method must be used to report investments where the investor has significant influence over the investee?

• A) It must use the cost method to report all such investments.
• B) It must use the equity method to report all such investments.
• C) It may use the cost method, equity method, or at fair value but must account for all such investments by the same method.
• D) It may use the cost method for some such investments and the equity method for other such investments.

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Definitions:

Sample Size

The number of observations or individuals in a subset of the population selected for analysis.

Confidence Intervals

A span of numerical estimates generated from a sample that has a good chance of encompassing the actual value of an unspecified population characteristic.

Effect Size

An evaluative figure representing the scale of a condition or the potency of connections between variables.

Sample Size

The number of individual observations or samples included in a study.