The exemption from applying the equity method or proportionate consolidation is available in the following circumstances: (a)
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Question:
The exemption from applying the equity method or proportionate consolidation is available in the following circumstances:
(a) Where severe long-term restrictions impair the ability to transfer funds to the investor.
(b) Where the interest is acquired with a view to resale within twelve months.
(c) Where the activities of the venturer and joint venture are dissimilar.
(d) Where the venturer does not exert significant influence.
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