IFRS 11 Joint Arrangements, Provides That Joint Control Exists Where

question 21

Multiple Choice

IFRS 11 Joint Arrangements, provides that joint control exists where:

• A) no single party is in a position to control the activity unilaterally;
• B) the decisions in areas essential to the goals of the joint arrangement do not require the consent of the parties;
• C) no one party may be appointed as the manager of the joint arrangement;
• D) one party alone has power to control the strategic operating decisions of the joint arrangement.

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