00:01
Alright, so our question here says that when assessing whether an investor has power over an investee, identifying the investee's relevant activities is a critical concept.
00:12
So, which of the following is not a common relevant activity? so, in accounts and financial reporting, an investor's power over an investee is assessed on the basis of the investor's ability to control the relevant activities of the investee, right.
00:35
So, relevant activities, when we say these activities basically are the actions or decisions which affect the investee's returns and the investor's ability to participate in or influence these activities which is an indicator of control, right.
00:53
Now, what are the some of the, sorry, common relevant activities? it involves identification of the common relevant activities, right.
01:15
So, what is included in this? how do we identify? so basically, this involves selecting, acquiring or disposing of assets, right.
01:24
So, we select, acquire or dispose of assets, right, which refers to the investee's decision making regarding the acquisition, sale or disposal of its assets, right.
01:41
Now next is determining the funding structure, funding structure or obtaining funding, right...