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Which one is related party to the xyz company

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Reference no: EM132712133

Problem 1: Company is preparing its annual financial statements, as per MFRS 124. Which one of the following is related party to the XYZ Company?

a. A person who has control or joint control with significant influence over XYZ Company
b. A person who is a member of the key management personnel of the XYZ Company or of a parent of the XYZ Company
c. Both above are related parties to XYZ Company

Reference no: EM132712133

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