Which of the Following Is Not True About Accounting for Investments

question 118

Multiple Choice

Which of the following is not true about accounting for investments under IAS No. 31 under IFRS?

• A)IFRS allows proportionate consolidation of investments where two or more investors have joint control.
• B)IFRS is more restrictive than U.S.GAAP concerning when an investor can elect the fair value option.
• C)IFRS requires that the accounting policies of an investee be adjusted to correspond to those of the investor when applying the equity method.
• D)IFRS does not allow use of the equity method where two or more investors have joint control.

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Definitions:

ICD-9 Code

A system used in healthcare to classify and code diagnoses, symptoms, and procedures, replaced by the ICD-10.

Annual Physical Exam

A yearly health check-up with a healthcare provider intended to prevent health problems and maintain wellness.

Established Patient

A patient who has been seen by a healthcare provider in the same practice within a specific period, typically within the past three years.

ICD-10-CM

The tenth revision of the International Classification of Diseases, Clinical Modification, used for coding and classifying morbidity data for diagnostic and insurance purposes.