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True/False: As long as one company has more than 50% of the voting stock of...

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Accounting

  1. True/False: As long as one company has more than 50% of the voting stock of another company, it always has control.
  2. True/False GAAP allows companies that would normally use the equity method the option of using the fair value method, assuming the value of the stock is readily determinable.
  3. True/False -- IFRS allows companies that would normally use the equity method the option of using the fair value method, assuming the value of the stock is readily determinable.
  4. True/False the concepts of significant influence and control under GAAP are very similar to the concepts used in IFRS.

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