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Determine entity has signi?cant in?uence over another entity

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The objective of AASB 128 Investment in Associates and Joint Ventures is to prescribe the accounting for investments in associates and to set out the requirements for the application of the equity method when accounting for investments in associates and joint ventures. Please discuss following questions:

Question 1: The existence of significant influence by an entity is usually evidenced in one or more ways. Please outline three factors when determining whether one entity has signi?cant in?uence over another entity include.

Reference no: EM132569742

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