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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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