1. Which of the following defines joint control under IFRS 11

a) Where decisions need to be unanimous by all parties involved in the operation

b)Where decisions need to be made by an independent party representing the parties to the operation

c) Where contract requires that decisions require unanimous consent of parties sharing control

d) Where contract allows any party to the operation to make decisions on behalf of the others

2. Consider the following statements on accounting for associate companies

i)Dividends received from associate companies should be shown in the consolidated income statement.

ii) The investing company's share of the operating profit of the associate company should be shown in the consolidated income statement.

Which of the above would be in accordance with the rules set out in IAS 28 Investments in Associates?

a) i) only

b) i) and ii)

c) ii) only

d) neither