According to IAS 31,a Jointly Controlled Entity Is a Corporation,partnership,or

question 20

Multiple Choice

According to IAS 31,a jointly controlled entity is a corporation,partnership,or other entity in which two or more venturers have an interest.Which type of arrangement establishes joint control over the entity?

• A) Commercial arrangement
• B) Contractual arrangement
• C) Tacit arrangement
• D) Supply arrangement

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Definitions:

Continuum

A continuous sequence or range of values or elements that vary by small degrees without gaps or discontinuities.

Leaders

Individuals who influence and guide others towards achieving a common goal or objective, often characterized by inspiration, vision, and strategic thinking.

Knowledge Of The Business

Understanding of the intricacies, market environment, competition, and inner workings of a specific business sector or company.

Innovating Business Strategies

Refers to the creation and implementation of new and unique strategies in business operations aimed at achieving competitive advantage and meeting changing market demands.