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Advise a ltd is required to prepare consolidated financial

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Problem 1: A Ltd is a 51 % shareholder in C Ltd and currently has two out of five board seats. B Ltd is the remaining 49% shareholder in C Ltd and currently has the other three seats. A Ltd is a passive shareholder as it is happy with the way B Ltd has been running the company. Advise A Ltd whether it is required to prepare consolidated financial statements.

Reference no: EM132999133

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