1.) PT Patua owns 51% of PT Anaka's shares. The Board of Directors consists of 4 directors. There are 2 directors who are representatives of PT Patus. In every Board of Directors meeting, decision making is mostly determined by the director of PT Patua. Does PT Patua have control over PT Anaka under these conditions? Explain why using the IFRS 10 definition of control.

1.) PT Patua owns 51% of PT Anaka's shares. The Board of Directors consists of 4 directors. There are 2 directors who are representatives of PT Patus. In every Board of Directors meeting, decision making is mostly determined by the director of PT Patua. Does PT Patua have control over PT Anaka under these conditions? Explain why using the IFRS 10 definition of control.

SWFT Comprehensive Vol 2020

43rd Edition

ISBN:9780357391723

Author:Maloney

Publisher:Maloney

Chapter22: S Corporations

Section: Chapter Questions

Problem 2DQ

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