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Is a company an associate company if the acquired shares are less than 20 percent but significant influence can be exercised over it?
Are there two conditions for a company to be an associate company or just one. In the revision kit, it says that there has to be significant influence as well as 20 to 50 percent shares but in the notes it says that all that is needed for the exam is the 20 to 50 percent shares for it to be an associate.
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