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Advanced Accounting 12th Edition by Joe Ben Hoyle,Thomas Schaefer , Timothy Doupnik
Edition 12ISBN: 978-0077862220Advanced Accounting 12th Edition by Joe Ben Hoyle,Thomas Schaefer , Timothy Doupnik
Edition 12ISBN: 978-0077862220 Exercise 1
What indicates an investor's ability to significantly influence the decision-making process of an investee
Explanation
Verified
Verified
Investor's ability to influence the decision-making process
Paragraph 323-10-15-6 of FASB ASC specify that "The ability to exercise the influence can be by way of representation on the board of directors, participation in policy-making processes, material intra-entity transactions, interchange of managerial personnel, or technological dependency.
The extent of ownership by an investor in relation to the extent of ownership of other shareholdings should be of high importance.
Paragraph 323-10-15-6 of FASB ASC specify that "The ability to exercise the influence can be by way of representation on the board of directors, participation in policy-making processes, material intra-entity transactions, interchange of managerial personnel, or technological dependency.
The extent of ownership by an investor in relation to the extent of ownership of other shareholdings should be of high importance.
Advanced Accounting 12th Edition by Joe Ben Hoyle,Thomas Schaefer , Timothy Doupnik
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