IAS 28, para. 17, states: The recognition of income on the basis of distributions received may not

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IAS 28, para. 17, states:

The recognition of income on the basis of distributions received may not be an adequate measure of the income earned by an investor on an investment in an associate.

Explain why this may be so.

LO24-6

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Financial Accounting And Reporting

ISBN: 9780273703648

10th Edition

Authors: Mr Barry Elliott, Jamie Elliott

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