Where There Are Transactions Between the Investor and Associate That

question 40

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 adjusted at all regardless of whether the transaction is an upstream or downstream one.
• B) adjusted only if the transaction is an upstream one.
• C) adjusted only if the transaction is a downstream one.
• D) adjusted regardless of whether the transaction is an upstream or downstream one.

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