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Question 1 (10) a) Define an associate (3) b) Explain the equity method, as a means for accounting for an associate. (3) c) Discuss how

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Question 1 (10) a) Define an associate (3) b) Explain the equity method, as a means for accounting for an associate. (3) c) Discuss how investment in an associate is shown in the statement of financial position. (4)

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