Whatever date Wanda decides. QUESTIONS Sherrin Holdings Ltd shares joint control over a joint arrangement, Adele Ltd, with the company's two founding shareholders. Sherrin Holdings Ltd accounts for its equity interest in Adele Ltd in accordance with AASB 11 Joint Arrangements. At a later date, Sherrin Holdings Ltd obtains control over the business of Adele Ltd by purchasing the remaining interest held by the founding shareholders in Adele Ltd. Which of the following statements is correct regarding Sherrin Holdings Ltd's accounting in Adele Ltd? a. Sherrin Holdings Ltd should remeasure its previously held interest in Adele Ltd at the acquisition date whether the activities of Adele Ltd meet the definition of a business or not. Ob. Sherrin Holdings Ltd should not remeasure its previously held interest in Adele Ltd at the date of acquisition of the remaining interest held by the founding shareholders Sherrin Holdings Ltd may determine whether it shall remeasure its previously held interest in Adele Ltd at its choice in accord with its accounting policy. Sherrin Holdings Ltd should not remeasure its previously held interest in Adele Ltd, as the remeasurement requirements relating to the previously held interest do not apply to joint arrangements. d. QUESTION 6 Save AU Click Save and Submit to save and submit. Click Save All Answers to que all