How should an associate be accounted for in the consolidated statement of profit or loss?
A.
The associate's income and expenses are added to those of the group on a line by line basis.
B.
The group share of the associate's income and expenses is added to the group figures on a line by line basis.
C.
The group share of the associate's profit after tax is recorded as a one-line entry.
D.
Only dividends received from the associate are recorded in the group statement of profit or loss.