• • Consolidation of Financial Statement is required when the parent has control of its subsidiaries and Accounting for Associate is required when the parent has significant influence of its Associate. In your own words, compare the difference and what are the characteristics of control versus significant influence. List at least 3 factors for Control and 5 factors for Significant Influence

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Answer rating: 100% (QA)

Comparing Control and Significant Influence in Accounting Control versus Significant Influence are two different levels of a parent companys involveme... View the full answer