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XZ Co owns 23% of shares of KL Co. Which of the following statements most...

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Accounting

XZ Co owns 23% of shares of KL Co. Which of the following statements most accurately sums up IAS 28's assumption about their relationship? A. KL Co is assumed not an associated company of XZ Co B.KL Co is certainly not an associated company of XZ Co C.KL Co is assumed to be an associated company of XZ Co D.KL Co is certain to be an associated company of ZX Co

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