Regarding Significant Influence with Respect to an Associate, Which of the Following

Regarding significant influence with respect to an associate, which of the following statements is TRUE?

A) The investor-associate relationship is directly opposite in nature compared to that existing between a parent and subsidiary.
B) There is a requirement for the investor to hold shares, or have a beneficial interest, in the associate.
C) The cost method is used to account for investments in associates under IFRS.
D) If significant influence is exercised by one company over another by virtue of an association or contract other than from the holding of shares, then the equity method cannot be applied in relation to the associate.

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