Question: If an entity has shares in another organisation, when would that other organisation be considered to be an associate?

If an entity has shares in another organisation, when would that other organisation be considered to be an ‘associate’?

Step by Step Solution

★★★★★

3.43 Rating (162 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

It would be an ass... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Financial Accounting Questions!

Q:

On 1 April 2007, Fino increased the operating capacity of its plant. Due to a lack of liquid funds it was unable to buy the required plant which had a cost of $350,000. On the recommendation of the...

Q:

If an entity has shares in another organisation, when would that other organisation be considered to be an associate?

Q:

The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...

Q:

Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...

Q:

38. An equity investment is defined as: a. shares in an organisation, giving the investor a joint control over financial and operating policy decisions. b. shares in an organisation, giving the...

Q:

1.Goodwill arising from an investment in associate is* Included in the carrying amount of the investment and amortized over the useful life. Excluded from carrying amount of the investment but...

Q:

Question 1 a) The following are the draft statements of financial position of Mukwa Plc, Ngalati Ple and Miteke Plc as at 30th November 2020: Mukwa Ple Ngalati Plc Miteke Plc K'million K'million...

Q:

Pick a case and become familiar with the case requirements. Use what you learned on chapter 19. For formatting, use times new roman 12 pt font and double space your answers. You must include...

Q:

Building and Construction BSBSMB401 Establish legal and risk management requirements of small business Learner Materials and Assessment Tasks Table of Contents About BSBSMB401 Establish legal and...

Q:

THEROBOTSARECOMING:READYPLAYERONE? RitwikaChattopadhyay,JiteshKr.Choudhary, Xiaodan Shao and Vivek Choudhary RefNo.:ABCC-2022-002 Date:04February2022 On a cold winter morning in February, Vidya was...

Q:

Read Accounting Headline 7.9 and, adopting a Positive Accounting Theory perspective, consider the following issues: a)If a new accounting standard impacts on profits, should this impact on the value...

Q:

Clearlake, Inc., produces its products in its factory in Texas and exports most of the products to Mexico each month. The exports are denominated in pesos. Clearlake recognizes that hedging on a...

Q:

Use the following information to perform the calculations below. Materials Inventory, Jan 1, 2023 18,460 Materials Inventory, Dec 31, 2023 31,200 Work in process, Jan 1, 2023 96,600 Work in process,...

Q:

When called upon to interpret the meaning of a term or terms in a contract, what general guidelines have the courts developed?

Q:

Dividends and firm value: You have just encountered two identical firms with identical investment opportunities, as well as the ability to fund these opportunities. One of the firms has just...

Q:

Jim Collins, your uncle, is an inventor who has decided to incorporate. Uncle Jim knows that you are an accounting major at U.N.O. In a recent letter to you, he ends with the question, Im filling out...

Q:

The R&D division of Mozy Corp. has just developed a chemical for sterilizing the vicious Brazilian killer bees which are invading Mexico and the southern United States. The president of Mozy is...

Q:

Lesley Corporation has paid 60 consecutive quarterly cash dividends (15 years). The last 6 months have been a real cash drain on the company, however, as profit margins have been greatly narrowed by...

Q:

The following information, based on the 12/31/18 Annual Report to Shareholders of Krafty Foods (S in millions): Accounts payable Accounts receivable (net) Accrued liabilities and taxes Cash and cash...

Q:

Common Stockholders' Profitability Analysis A company reports the following: Net income$300,000 Preferred dividends12,000 Average stockholders' equity2,419,355 Average common stockholders'...

Q:

TB MC Qu, 01-156 (Algo) Cragment has beginning equity-, Hinoe comen noroco: kescos voroso