Which of the following should be accounted for in the consolidated financial statements of Company A using equity
accounting?
1 An investment in 51% of the ordinary shares of W Co
2 An investment in 20% of the preference (non-voting) shares of X Co
3 An investment in 33% of the ordinary shares of Y Co 4 An investment in 20% of the ordinary shares of Z Co, and an
agreement with other shareholders to appoint the majority of the directors to the board of Z Co