1.Which of the following transactions does not affect the investment in associate account?

a.Dividends received by the investor from the investee in the form of shares.

b.Revaluation surplus and foreign currency translation adjustment recorded during the year by the investee.

c.Profit reported by the investee.

d.Any excess of the investor's share of the net fair value of the associate's identifiable assets, liabilities and contingent liabilities over the cost of the investment.

2.The excess of the investor's share of the net fair value of the associate's net assets over the cost of the investment is:

a.Included in the determination of the investor's share of the associate's profit or loss in the period in which the investment is acquired.

b.Credited to retained earnings directly.

c.Credited to equity and amortized over the useful life.

d.A deferred gain.