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Where an acquisition in an associate results in an excess the excess is accounted for in the year of acquisition as follows: a . as

Where an acquisition in an associate results in an excess the excess is accounted for in the year of acquisition as follows: a. as a credit against the investment in associate account. b. as a credit against the share of associate profit account. c. as a debit against the share of associates retained earnings. d. no adjustment is required due to the single line method of accounting followed under the equity method.

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