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If a company has 2 shareholders with 50% of shareholding each, is it correct to recognise the company as an associate in both of the shareholder’s financial statement?
Hi,
You would need to investigate the specific terms of the agreement. If one of the shareholders has control through voting rights then it would be a subsidiary in their books and likely an associate in the other company’s books. If they have joint control then it would be accounted for as joint venture.
Thanks
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