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To which of the following investments MUST equity accounting be applied? 1 Associates in the consolidated financial statements 2 Associates in the separate financial statements

To which of the following investments MUST equity accounting be applied?

1 Associates in the consolidated financial statements

2 Associates in the separate financial statements of the investor 3 Joint operations in the consolidated financial statements

- 1 only

- 1 and 2

- 2 and 3

- 1, 2 and 3

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