1. True/False: As long as one company has more than 50% of the voting stock of another company, it always has control.
2. True/False GAAP allows companies that would normally use the equity method the option of using the fair value method, assuming the value of the stock is readily determinable.
3. True/False -- IFRS allows companies that would normally use the equity method the option of using the fair value method, assuming the value of the stock is readily determinable.
4. True/False the concepts of significant influence and control under GAAP are very similar to the concepts used in IFRS.