Question: Using non-technical terminology (i.e. do not refer to financial reporting standards) a.What do the phrases 'parent' and 'group' mean? What do the terms'subsidiary' and 'non-controlling

Using non-technical terminology (i.e. do not refer to financial reporting standards)

a.What do the phrases 'parent' and 'group' mean? What do the terms'subsidiary' and 'non-controlling interest' mean? a. Define the word "associate" and explain TWO distinctions between a "associate" and a "subsidiary."

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