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Adam Hamshere, the finance director of Washington Oil Investments Ltd (WOIL), is unsure whether he should consolidate some of the investments that the company owns. He has asked your advice as business adviser to WOIL. The details of the investments are as follows:
REQUIRED
Write a report to Adam, advising him how the control requirements of AASB 10 apply in each of the above investments. State, for each investment, where the control rests, citing and explaining how the relevant paragraphs of AASB10 apply, and whether Adam should include the results of the investments within the consolidated accounts explaining the reasons for your decision.
The report should take the format of a formal business report, written by your firm with yourself as lead author. Marks will be awarded for presentation style and an appropriate business format. A formal business report format includes Title (To whom is the report addressed), Executive Summary / Introduction, Each situation dealt with, Business English and Conclusion.
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