Dear sir,
1. Can we define an associate as being a company on which we have significant influence (we have the power to participate in the financial and operating policy decisions of that company)?
2. Can we define a subsidiary on which we have control (we have the power to direct its operating and financing decisions)?
Thanks,
Laiq
Ask the Tutor ACCA SBR
Associate and Subsidiary
9y ago#1Hi,
It's a yes on both accounts above.
Thanks
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