Which of the following represents a basis for consolidation under the International Financial Reporting Standards?
Which of the following represents a basis for consolidation under the International Financial Reporting Standards?
Under the International Financial Reporting Standards (IFRS), a basis for consolidation is established primarily through control ownership. Control is achieved when an investor is exposed, or has rights, to variable returns from its involvement with the investee and has the ability to affect those returns through its power over the investee. This aligns with the concept of 'control ownership,' making it the correct answer.
The right answer is B!
B for me is correct