For the Purposes of Equity Accounting, Significant Influence Is Defined

Multiple Choice

For the purposes of equity accounting, significant influence is defined as the power of an investor to:

A) control the financial and operating policies of an associate.
B) participate in the financial and operating policy decisions of an investee.
C) participate in the day-to-day management of a joint venture interest.
D) dominate the financing decisions of an entity.