(Answered) Associateslinx ltd has acquired 70 of shares of digital ltd

Accounting

Associates:

Linx Ltd has acquired 70% of shares of Digital Ltd, and 35% of the shares of Innex Ltd. If Linx Ltd was not a parent and therefore did not prepare consolidated financial statements, discuss what the differences would be in the equity accounting for Innex Ltd. (Assume 35% does not constitute control).

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