1. In case of equity method, a management fee will just be recorded as an income revenue for the parent and expense for the associate?

Or it should be an decrease for the associate, but (1-X)% increase of management fee for the parent as the profit of associate will be decrease by the amount of management fee.

2. Explain and contrast the effects of an intra-group Loan in the individual assets account and the total assets amount presented in the parent company under consolidation method and equity method.