Which of the following should be accounted for in the consolidated financial statements of Company A using equity
accounting?
1?An investment in 51% of the ordinary shares of W Co
?2?An investment in 20% of the preference (non-voting) shares of X Co
?3?An investment in 33% of the ordinary shares of Y Co?4?An investment in 20% of the ordinary shares of Z Co, and an
agreement with other shareholders to appoint the majority of the directors to the board of Z Co?
Investments in associates are accounted for using equity accounting. An investment is an associate if the investor has significant influence over the investee. Significant influence is presumed if the investor owns at least 20% of the voting equity of the
investee. Therefore 2 is not an associate. 1 and 4 are subsidiaries as Company A investor has control over them.
多做幾道
Which accounting concept should be considered if the owner of a business takes goods from inventory for his own personal
use?
Which accounting concept should be considered if the owner of a business takes goods from inventory for his own personal
use?
According to the IASB's Conceptual Framework for Financial Reporting, which TWO of the following are part of faithful
representation?1 It is neutral2 It is relevant3 It is presented fairly4 It is free from material error
Which of the following accounting concepts means that similar items should receive a similar accounting treatment?
Listed below are some characteristics of financial information.1 Relevance2 Consistency3 Faithful representation4 Accuracy
Which of these are qualitative characteristics of financial information according to the IASB's Conceptual Framework for
Financial Reporting?
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