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(b) Explain how can a significant influence by an investor be evidenced under IAS 28, and justify your treatment of the investment in Spade in

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(b) Explain how can a significant influence by an investor be evidenced under IAS 28, and justify your treatment of the investment in Spade in light of international GAAP.(5 marks) (c) Appraise the need for consolidated financial statements, and discuss critically the approach of international accounting standards to this accounting area. (12 marks)

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