Accounting Standard AASB 3 Business Combinations Allows the Choice of Measuring

question 15

True/False

Accounting Standard AASB 3 Business Combinations allows the choice of measuring NCI using either the fair value method or the proportionate interest method.

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Definitions:

Dependent Variable

A dependent variable is the outcome or response that researchers are interested in explaining or predicting, changing in response to manipulation of the independent variable.

Independent Variable

The variable in an experimental or observational study that is manipulated or categorized to observe its effect on the dependent variable.

Covariance Value

A measure indicating the extent to which two random variables change together, where a positive value implies direct correlation, and a negative value an inverse correlation.

Least Squares Regression

A statistical method used to determine the line of best fit by minimizing the sum of squares of the differences between observed values and the values predicted by the model.