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PART B IFRS 3: Business Combinations requires entities to consolidate an investment where the acquirer gains control over the investee. IAS 28: Investments in Associates

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PART B IFRS 3: Business Combinations requires entities to consolidate an investment where the acquirer gains control over the investee. IAS 28: Investments in Associates and Joint Ventures requires entities to use the equity method of accounting where significant influence exists over an investee. REQUIRED: Please note: the maximum word count for this requirement is 400 words. Analyse the definitions of control and significant influence. [9 marks]

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