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Chapter 20





                            Associates





               3.1 Key definitions






                    An associate is ‘an entity over which the investor has significant influence’
                     (IAS 28, para 3).

                    Significant influence is ‘the power to participate in the financial and
                     operating policy decisions of the investee but is not control’ (IAS 28, para
                     3).





                    Remember definitions as they may be tested in the objective test part of the
                     examination.












































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