In the 1st part , its still an associate then why As 13 is applicable?
Logesh Warran
CA Final
★ 4K+
30-Oct-22 06:32
324
Answers (3)
Here in (a) X Ltd holds 25% which is having a significant Influence over Y Ltd.
In (b) X Ltd holds 7% which is below having a significant Influence.
Significant Influence refers to holding a Minimum of 20% in a Company.
Rajasekaran Suresh
CA Inter
★ 495
30-Oct-22 08:57
Check the 6th point
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Logesh Warran
CA Final
★ 4K+
30-Oct-22 09:23
AS 13 is applied for investments in standalone financial statements.
