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What is the threshold for determining absence of significant

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Reference no: EM132912625

Problem 1: Under PFRS for Small Entities, property, plant and equipment shall be accounted for under:

a. Cost model or revaluation model

b. Cost model or fair value model

c. Cost model only

d. Revaluation model only

Problem 2: What is the threshold for determining the ABSENCE of significant influence?

a. investee 20% or more of voting interest

b. investee owns exactly 20% of voting interest

c. investee owns below 20% of voting interest

d. all of these do not have significant influence.

Reference no: EM132912625

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