Question 6 20 pts Bradbury 2018 states: "In the case of upstream sales from associate to investor or its subsidiaries, a degree of control still exists. It is possible for the investor to continue purchasing inventory from the associate (without reselling) and then equity account the profit recognised by the associate. The elimination adjustment could be partial or in full depending on the ownership view." Required: 6) Explain the requirements of AASB 128 Investments in Associates and Joint Ventures regarding the elimination of profits on transactions between an investor and its associate. (4 marks) Do you agree with the statement that "a degree of control exists" in the relationship between an investor and associate? Explain your answer by reference to the concepts of control and control in relation to associates. (9 marks) Explain how the "ownership view" would affect whether the elimination is partial or full. (7 marks) | ciate (without reselling) and then equity account the profit recognised by the associate. The elimination adjustment could be partial or in full depending on the ownership view." Required: Explain the requirements of AASB 128 Investments in Associates and Joint Ventures regarding the elimination of profits on transactions between an investor and its associate. (4 marks) (ii) Do you agree with the statement that "a degree of control exists" in the relationship between an investor and associate? Explain your answer by reference to the concepts of control and control in relation to associates. (9 marks) (ii) Explain how the "ownership view" would affect whether the elimination is partial or full. (7 marks)