FSA - CHAPTER 23 - END OF CHAPTER QUESTION 12 investment, background, accounting, 2011

PieMan

Hello.

Does this seem right?
Question - Based on Gelblum's estimates, Zimt's net income in 2011 will most likely be:
a highest if zimt is deemed to have control of oxbow
b highest if zimt is deemed to have significant influence over oxbow
c independent of accounting method used for the investment in oxbow.

background: ifrs is used

my answer is a because that means the company is consolidated into the balance sheet. I said no to answer b because then partial consolidation is used. Answer c didn't make sense because of the fact that entires are different based on different methods. The book says c is correct.


Any help?