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Why is there a need for Consolidated Financial Statements 2 marks ( b ) How can an entity have a dominant influence when it does

Why is there a need for Consolidated Financial Statements 2 marks (b) How can an entity have a dominant influence when it does not own over 50% of the voting share capital 5 marks (c) What are the first 2 rules of consolidation 4 marks (d) Give one circumstance under which Preference Shareholders would have voting rights

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