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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Related Parties
Dear Mike
Hope you are fine and extremely thank you with all your help & time!
My question is about related parties. Suppose entity A has 30% of entity B and also 30% of entity C Now the question is : Is entitiy B the related party of entity C and vice versa?
I hope the answer will be NO! Otherwise the confusion will be just started!
Thank you in advance
You are correct, the answer is no.
Thank you! I know by posting thank you, your time will be wasted by saying “You’re welcome” (as I think by doing that it will be easier for you to identify non-answered topics easier) but that will not prevent me to say that! 😀
Thank you Mr Little and Allah bless you.
And may you too be blessed Yellow 🙂
And, by the way, you really are welcome