According to the IASB

question 15

Multiple Choice

According to the IASB,

• A) the cost method must be used instead of the equity method.
• B) consolidated financial statements are required.
• C) companies may choose between issuing parent company or consolidated financial statements.
• D) the pooling of interests method may not be used.

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Definitions:

Descartes's Views

Philosophical opinions of Descartes that emphasize doubt as the basis for certainty and the dualism of mind and body as foundational to understanding existence.

Spinoza's Views

The philosophical perspectives of Baruch Spinoza, which include the monist idea that everything is one substance, often identified with God, and the ethical importance of living a life of rationality and self-control.

Ontologies

In philosophy, it refers to the study of being and existence, including the categorization of entities and their relationships within a hierarchy.

Pre-Socratics

Early Greek philosophers before Socrates, who primarily focused on cosmology, the nature of the universe and the origin of life.