Question

The fair value of any retained investments, any proceeds from disposing of the part interest and the carrying amount of the investment at the date significant influence is lost.

A) True
B) False

Answer 1

The fair value of retained investments, proceeds from disposing of part interest, and carrying amount are all measured at fair value when significant influence is lost.

Step-by-step explanation:

The statement provided is True. When significant influence is lost, the carrying amount of the investment should be reported at its fair value. Additionally, any retained investments and proceeds from disposing of the part interest should also be measured at fair value.