When an investment ceases to be an associate, the fair value of theinvestment at the date when it ceases to be an associate:Is regarded as its cost on initial recognition as a financial asset.Is regarded as its fair value on initial recognition as a financial asset.O Is regarded as its fair value on initial recognition as a financial liability.O Is regarded as its amortized cost on initial recognition as an investment.

Investment is the amount saved by the investor in order to earn regular income as well as get the…

When an investment ceases to be an associate, the fair value of the investment at the date when it ceases to be an associate: Is regarded as its cost on initial recognition as a financial asset. O Is regarded as its fair value on initial recognition as a financial asset. O Is regarded as its fair value on initial recognition as a financial liability. Is regarded as its amortized cost on initial recognition as an investment.

When an investment ceases to be an associate, the fair value of the investment at the date when it ceases to be an associate: Is regarded as its cost on initial recognition as a financial asset. O Is regarded as its fair value on initial recognition as a financial asset. O Is regarded as its fair value on initial recognition as a financial liability. Is regarded as its amortized cost on initial recognition as an investment.

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter10: Property, Plant And Equipment: Acquisition And Subsequent Investments

Section: Chapter Questions

Problem 14GI

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