Which of the Following Statements Is Incorrect

Multiple Choice

Which of the following statements is incorrect?

A) Significant influence requires the investor to have the power or capacity to participate in the investee's financial and operating policy decision.
B) The key criterion for identifying a joint arrangement is that the joint venturers have joint control over the joint venture.
C) Significant influence requires the investor to actually exercise its power over the investee.
D) The assessment of the existence of significant influence requires judgement on the part of the accountants.