When Investments in Associate or Joint Ventures Are Reported Using

question 17

Multiple Choice

When investments in associate or joint ventures are reported using the equity method, IFRS requires the application of ________.

• A)proprietary theory
• B)parent-company theory
• C)parent-company extension theory
• D)entity theory

---

Definitions:

Narcissism

A personality trait characterized by an inflated sense of self-importance, a deep need for admiration, and a lack of empathy for others.

Neuroticism

A characteristic defining a person who frequently experiences feelings of emotional unpredictability, restlessness, irritability, apprehension, and melancholy.

Maturity Principle

The theory that individuals tend to become more emotionally stable and socially mature as they age.

Reciprocal Determinism

The interacting influences of behavior, internal cognition, and environment.