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Answer these questions. Kindly explain your answers fully. 15 (a) Explain what is meant by the term associate company. (b) Explain how associates are treated

Answer these questions. Kindly explain your answers fully.

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15 (a) Explain what is meant by the term "associate company". (b) Explain how associates are treated on consolidation. [5] 16 Discuss the reasons for requiring quoted companies to publish their diluted earnings per share (EPS) in addition to their basic EPS. [5] 17 Explain why it may not be appropriate for management to choose the least expensive source when raising fresh finance. [5] 18 Describe the process by which a holding company will construct a set of consolidated financial statements. [5]A certain species of plant produces flowers which are either red, white or pink. It also produces leaves which may be either plain or variegated. For a sample of 500 plants, the distribution of flower colour and leaf type was: Red White Pink Plain 97 42 77 Variegated 105 148 31 (i) Test whether these results indicate any association between flower colour and leaf type. [6] (ii) A genetic model suggests that the proportions of each combination should be as follows: Red White Pink Plain 4 9/2 (1-3q)/2 Variegated 39/2 (1-5q)/2 where q (0

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