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b) IFRS 10 Consolidated Financial Statements outlines the requirements for the preparation and presentation of consolidated financial statements, requiring entities to Page 4 of 6

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b) IFRS 10 Consolidated Financial Statements outlines the requirements for the preparation and presentation of consolidated financial statements, requiring entities to Page 4 of 6 consolidate entities it controls. State how IFRS 10 Consolidated Financial Statements determines elements of control of an investor over Investee. [3 mark]

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