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Here are the facts:
Company A and Company B jointly controls 100% of Company C.
Company C controls 70% of Company D
Company A owns 10% of Company D
Company B owns 10% of Company D
Company D controls 70% of Company E

Company A has a board representation in Company D because of its ownership in Company C.

How will Company A account for its investment in Company D?
> Will it be an Investment in Associate?

How will Company A apply the equity method for its investment in Company D?
> If Company A already uses Company C's consolidated FS, will it use Company D's consolidated FS or the separate?
in IFRS 12 - Disclosure of Interests in Other Entities by Level 1 Member (1.1k points)

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