Significant influence is Group of answer choices Deemed to exist when the investor is exposed, or has rights, to variable returns from its involvement with the investee and has the ability to affect those returns through its power over the investee. The contractually agreed sharing of control of an arrangement, which exists only when decisions about the relevant activities require the unanimous consent of the parties sharing control. activities. The power to participate in the financial and operating policy decisions of the investee but is not control or joint control over those policies. The power to govern the financial and operating policies of an entity so as to obtain benefits from its
Significant influence is Group of answer choices Deemed to exist when the investor is exposed, or has rights, to variable returns from its involvement with the investee and has the ability to affect those returns through its power over the investee. The contractually agreed sharing of control of an arrangement, which exists only when decisions about the relevant activities require the unanimous consent of the parties sharing control. activities. The power to participate in the financial and operating policy decisions of the investee but is not control or joint control over those policies. The power to govern the financial and operating policies of an entity so as to obtain benefits from its
Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter1: Quality Auditing: Why It Matters
Section: Chapter Questions
Problem 19CYBK
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Significant influence is
Group of answer choices
Deemed to exist when the investor is exposed, or has rights, to variable returns from its involvement with the investee and has the ability to affect those returns through its power over the investee.
The contractually agreed sharing of control of an arrangement, which exists only when decisions about the relevant activities require the unanimous consent of the parties sharing control.
activities.
The power to participate in the financial and operating policy decisions of the investee but is not control or joint control over those policies.
The power to govern the financial and operating policies of an entity so as to obtain benefits from its
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