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Ind AS 28's presumption regarding significant influence states that, absent clear evidence to the contrary, holding 20% or more of the voting rights:
AEstablishes joint control
BPresumes significant influence
CHas no effect on the assessment
DEstablishes control
Answer & Solution
Correct answer: B. Presumes significant influence
Ind AS 28 paragraph 5: holdings of 20% or more (directly or indirectly through a subsidiary) presume significant influence unless rebutted; holdings below 20% presume no significant influence unless demonstrated.
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