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Company A has two subsidiaries, S1 and S2, and two associates, AS1 and AS2. The following inter-entity transaction took place: Required: In determining the investor's

Company A has two subsidiaries, S1 and S2, and two associates, AS1 and AS2. The following inter-entity transaction took place: Required: In determining the investor's share of the associates' profits, what adjustments would be necessary as a result of these transactions? (Consider each of these transactions as independent, and ignore taxes). (2.54=10 Marks)

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