Question：Which 3 of the following options are key elements of the IAS 28 definition of an associate.
　　A. It is not a trade investment.
　　B. It is not a joint venture.
　　C. There is significant influence by the investor.
　　D. Presumed to have a significant influence if the investor holds more than 20% of the voting rights of the company.
　　E. It is an incorporated entity.
　　The correct answers are: There is significant influence by the investor; Presumed to have a significant influence if the investor holds more than 20% of the voting rights of the company; It is not a joint venture.
　　解析：An investor is presumed to have a significant influence over an associate if it holds 20% or more of the voting rights of the company.
　　IAS 28 specifically states that an associate is not a joint venture or subsidiary. It is taken as given that it is not just a trade investment. IAS 28 states that an associate can be an unincorporated entity, such as a partnership.