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Use International Financial Reporting Standards. Research IFRS 28 and IFRS 9 in the accounting for investments to answer the following questions related to Yahoo!s investment

Use International Financial Reporting Standards. Research IFRS 28 and IFRS 9 in the accounting for investments to answer the following questions related to Yahoo!s investment on Alibaba Group (assume the fair value option is not elected): No calculation needed.

a. How should Yahoo! recognize and measure its 46 percent ownership in Alibaba Group for the fiscal year ended December 31, 2005?

b. How should Yahoo! recognize and measure its 24 percent ownership in Alibaba Group for the year ended December 31, 2012?

c. How should Yahoo! recognize and measure its 15 percent ownership in Alibaba Group for the year ended December 31, 2014?

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