Which statement is correct about an associate? 

A. An arrangement where one party has the power to participate in the financial and operating policy decisions of another entity. 

B. A contractual arrangement whereby two or more parties share control over an economic activity and all strategic decisions requires unanimous consent by all parties. 

C. An arrangement that gives rise to a financial asset for one entity and a financial liability or equity instrument for another entity.

D. An arrangement where one entity governs the financial and operating policies about another entity