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Select a correct statement in relation to the concept of control. O Control arises when...

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Accounting

Select a correct statement in relation to the concept of control.

O Control arises when the investor has future rights to direct the relevant activities of another entity O

Control is automatically presumed to exist where the parent entity either directly, or indirectly through subsidiary, owns more than 25% but O

Control arises when the investor has the power to govern the operating and management policies of an entity O

Control is the key determining factor to assess if a parent-subsidiary relationship between an investor and an investee exist

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