AASB 131 Does Not Require the Use of the Equity

question 12

True/False

AASB 131 does not require the use of the equity method of accounting for an interest in a joint controlled entity (e.g.,partnership)where the partnership is acquired and held exclusively for its disposal in the near future:

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Definitions:

Recommended Plan

A suggested course of action or strategy devised for a specific purpose or goal.

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Communications within an organization that relate to its routine activities and functions.

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Reader-centered Language

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