Equity adjustments must be made for transactions between the associate and the investor that give rise to unrealised profits or losses.
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Q38: The basic premise under the equity method
Q39: Where an entity prepares consolidated financial statements
Q40: On 1 July 2012 Girls Ltd
Q41: The investor recognises its shares of an
Q42: Where the investor does not prepare consolidated
Q43: The investor's share of current period profits
Q44: Only upstream transactions are adjusted for when
Q45: Where the investor prepares consolidated financial statements
Q47: The holding of debentures by an investor
Q48: Where an investment in an associate is
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