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With reference to IFRS, discuss the treatment of non-controlling interests where: 1.2 The parent company pays a premium of acquisition of 90% of the subsidiary

With reference to IFRS, discuss the treatment of non-controlling interests where: 1.2 The parent company pays a premium of acquisition of 90% of the subsidiary due to the plant being undervalued in the subsidiary's books. 


2. The subsidiary sells goods at a profit to the parent company which owns 75% of the subsidiary's shares.

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