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What are the reporting options for its investment in XYZ

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Reference no: EM132893253

Question - ABC Inc. holds 17% of the common shares of XYZ Ltd. ABC is able to appoint three members of XYZ's 12-member Board of Directors. ABC is also a supplier of raw materials to XYZ. XYZ is a private company and the remaining 83% of XYZ's common shares are widely held. Assume that ABC reports under ASPE, what are the reporting options for its investment in XYZ?

A. Equity method

B. Equity method or cost

C. Equity method, cost, or consolidation

D. Fair value through profit or loss (FVTPL) or cost.

Reference no: EM132893253

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