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With reference to IFRS, discuss the treatment of non-controlling interests where: 1. The parent company...

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Accounting

With reference to IFRS, discuss the treatment of non-controlling interests where:

1. The parent company pays a premium of acquisition of 90% of the subsidiary due to plant being undervalued in the subsidiary's books.

2. The subsidiary sells goods at a profit to the parent company which owns 75% of the subsidiary's shares.

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