(1) For the purposes of equity accounting, significant influence is regarded as the power of an investor to:

a. dominate the financing decisions of an entity.

b. control the financial and operating policies of an associate.

c. participate in the day-to-day management of a joint venture interest.

d. participate in the financial and operating policy decisions of an investee.

(2) Where there are transactions between the investor and associate that result in an unrealised profit, the investors share of the associates profit is:

a. affected only if the transaction is an upstream one.

b. affected only if the transaction is a downstream one.

c. affected regardless of whether the transaction is an upstream or downstream one.

d. not affected at all regardless of whether the transaction is an upstream or downstream one.

(3) A business combination is defined as:

a. a transaction in which an acquirer obtains control of an acquiree.

b. a transaction in which one entity obtains control of one or more other entities.

c. a transaction or other event in which an acquirer obtains control of one or more businesses.

d. a transaction or other event in which an entity obtains control of one or more businesses.