Question: 1. Differentiate between (a) the equity method, (b) the initial value method and (c) the partial equity methods with core assumptions and with supported illustrations?

1. Differentiate between (a) the equity method, (b) the initial value method and (c) the partial equity methods with core assumptions and with supported illustrations? (Make you own assumption to support your illustrations)

2. With reference to IAS 21 The Effects of Changes in Foreign Exchange Rates compare and contrast between the two translation methods (a) temporal method exchange rate and (b) current rate method exchange rate with supported illustrations?

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