Question

Mind Bhd. owes more than 50% interest in 22 Bhd. and also has significant influence over...

Mind Bhd. owes more than 50% interest in 22 Bhd. and also has significant influence over 88 Sdn Bhd. through its 24% interest in the company. Additionally, 22 Bhd. has significant influence over 55 Sdn. Bhd. and 66 Sdn. Bhd.

Required:
Identify the related parties in the Group of Companies.

Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

1. Mind Bhd : Entities within the same group are related to one another. Mind Bhd has control on 22Bhd and significant influence on 88 Bhd. 22Bhd and 88Bhd are therefore related parties of Mind Bhd. 55Sdn Bhd and 66 Sdn Bhd are associates of 22 Bhd, and 22 Bhd is a part of group. Therefore 55 Sdn Bhd and 66 Sdn Bhd are related parties of Mind Bhd.

2. 22 Bhd : Mind Bhd, and 88 Bhd, 55 Sdn Bhd, and 66 Sdn Bhd are related parties of 22Bhd.

3. 88 Bhd :Mind, 22 Bhd, 55 Sdn Bhd and 66 Sdn Bhd are related parties of 88 Bhd because all are part of same group.

4. 55 Sdn Bhd is a related party to 66 Sdn Bhd, 22 Bhd, 88 Bhd and Mind Bhd.

5. 66 Sdn Bhd is related party to 55 Sdn Bhd, 22 Bhd, 88 Bhd and Mind Bhd.

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
An administrator said that he believes that 50% of all students have more than 60 credit...
An administrator said that he believes that 50% of all students have more than 60 credit hours. Use the data found in the column labeled “More than 60 credit hours attained” to answer this question. “No” means that the student has not attained more than 60 credit hours. “Yes” means that the student has attained more than 60 credit hours. a. Write the claim in symbolic form b. Write the null and alternative hypothesis in symbolic form c. State the...
Pandora is the Internet’s most successful subscription radio service. As of June 2013, it had over...
Pandora is the Internet’s most successful subscription radio service. As of June 2013, it had over 200 million registered users (140 million of which access the service via a mobile device) and over 70 million active listeners. Pandora now accounts for more than 70% of all Internet radio listening hours and a 7% share of total U.S. radio listening (both traditional and Internet). At Pandora, users select a genre of music based on a favorite musician, and a computer algorithm...
48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63...
48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 QUESTION 1 All of the following are management’s objectives in designing effective internal controls over financial reporting (ICFR) except for ______________ ? a. Comply with section 404 of the Sarabanes Oxley (SOX) act. b. Producing accurate and complete financial statements and other reports to make operational decisions. c. Ensure reliability of financial reporting d. Management review of the year-end financial statements to ensure proper...
SECTION A: CASE TWO READ THE CASE CAREFULLY AND ANSWER THE QUESTIONS THAT FOLLOW DIGITAL SERVICE...
SECTION A: CASE TWO READ THE CASE CAREFULLY AND ANSWER THE QUESTIONS THAT FOLLOW DIGITAL SERVICE FOR STUDENTS IN HIGHER EDUCATION (DSSHED) Digital Service for Students in Higher Education (DSSHED) is an innovation platform for the creators of next generation products and services. It was founded by the Ingenious Investment Group (IIG). The objective of DSSHED is to boost multidisciplinary agile innovation culture and encourage entrepreneurship in its catchment region. DSSHED provides students and companies with a collaborative and multidisciplinary...
Note:  100% plagiarism in the above paragraph please remove the plagiarism less than 15 % . CHALLENGES...
Note:  100% plagiarism in the above paragraph please remove the plagiarism less than 15 % . CHALLENGES / OPPORTUNITIES One of the major challenges is to change the people’s perspective of PepsiCo as an unhealthy soft drink producer. Due to the link of soft drinks to obesity and diabetes, the new CEO wants to reinvent Pepsi as a healthy food producer rather than a snacks producer. Although this is a good plan for the PepsiCo to consider, people who are used...
Analysis: This section should include the issue register as a bare minimum, but may include also...
Analysis: This section should include the issue register as a bare minimum, but may include also why-why diagrams, a Pareto chart, a waste table and/or value-added analysis table. Flow analysis or simulation of this case study might be possible but might require making a lot of assumptions given the provided data. The first part of the project: Introduction    Walmart has continued to retain the top position on the Fortune 500 list for a consecutive fifth year. The brand has...
Q) Over the past few years the percentage of students who leave Lakeland College at the...
Q) Over the past few years the percentage of students who leave Lakeland College at the end of the first year has increased. Last year Lakeland started a voluntary one-week orientation program to help first-year students adjust to campus life. If Lakeland is able to show that the orientation program has a positive effect on retention, they will consider making the program a requirement for all first-year students. Lakeland’s administration also suspects that students with lower GPAs have a higher...
Pfizer was established in 1849 in Brooklyn, New York by cousins Charles Pfizer and Charles Erhart...
Pfizer was established in 1849 in Brooklyn, New York by cousins Charles Pfizer and Charles Erhart with a loan of $2,500 from Pfizer’s father.2 Today, 167 years later, Pfizer Inc. has international revenues of $49 billion, which makes it the second-largest pharmaceutical manufacturer in the world.3 Despite Pfizer’s success, the company has faced many challenges over the last few decades. The pharmaceutical industry is heavily influenced by legal, political, and technological forces, and all indications are that the industry will...
GoodClothes and MIS: Case from struggle to revamp Headquartered in Dubai, GoodClothes is a highly successful...
GoodClothes and MIS: Case from struggle to revamp Headquartered in Dubai, GoodClothes is a highly successful department retailer offering completely designed casual clothing and accessories. The company operates 10 stores in all seven emirates and 1 store in Al Ain. The company owns 6 stores and franchises 5. For some time, marketing managers targeted population between the ages 40 and 60 who like loose, comfortable clothes. Then, management was tempted to stock its stores with clothes for a younger population...
QUESTION: Why do governments typically take an unsupportive stance on countertrade arrangements? Article Below: The Bell...
QUESTION: Why do governments typically take an unsupportive stance on countertrade arrangements? Article Below: The Bell Boeing V-22 Program, a strategic alliance between Bell Helicopter, a Textron Company, and the Boeing Company,1,2 announced the V-22 Osprey tiltrotor will be featured at the Dubai International Air Show in the United Arab Emirates (UAE) from November 13 to 17, 2011. The Air Show, held biennially, is organized in cooperation with the government of Dubai, the Department of Civil Aviation, and Dubai International...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT