Investments - ASPE 3051

Question 1

Investments (ASPE)

Answer 1

• Investments subject to significant influence can be accounted for using the equity or cost method
• Investments without significant influence:
  o Not quoted on an active market – accounted for using cost method
  o Quoted on active market – accounted for at fair value

Reference: ASPE 3051 and 3856.11 - .15