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With relation to associate companies what do you understand to be significant influence and how would you identify it? Include in your answer illustrative examples.

With relation to associate companies what do you understand to be significant influence and how would you identify it? Include in your answer illustrative examples. (10 marks) b) How are inter-entity transactions dealt with when accounting for associate companies? Give examples. (7 marks) c) How would an investor account for losses made by an associate company?

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