question archive Which of the following is not one of the three elements of control according to AASB10/IFRS 10 Consolidated Financial Statements? Select one: Exposure, or rights, to variable returns from involvement with the investee Power over the investee The ability to use power over the investee to affect the amount of the investor's returns
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Which of the following is not one of the three elements of control according to AASB10/IFRS 10 Consolidated Financial Statements?
Select one:
Exposure, or rights, to variable returns from involvement with the investee
Power over the investee
The ability to use power over the investee to affect the amount of the investor's returns.
Dominating the decision making of the investee
Below is the answer.
Step-by-step explanation
Dominating the decision making of the investee is not a one of the elements of control as per the AASB10/IFRS 10 concept of consolidated Financial Statements,