Where There Are Transactions Between the Investor and Associate That

question 7

Multiple Choice

Where there are transactions between the investor and associate that result in an unrealised profit,the investor's share of the associate's profit is:

• A)not affected at all regardless of whether the transaction is an upstream or downstream one;
• B)affected only if the transaction is an upstream one;
• C)affected only if the transaction is a downstream one;
• D)affected regardless of whether the transaction is an upstream or downstream one.