related partyForums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › related partyThis topic has 1 reply, 2 voices, and was last updated 2 years ago by Stephen Widberg.Viewing 2 posts - 1 through 2 (of 2 total) AuthorPosts June 7, 2021 at 5:59 am #623562 Noah098MemberTopics: 935Replies: 352☆☆☆☆☆part of ques: Joanne Smith has owned 60% of the equity shares of Picture and 70% of the equity shares of Frame for many years.part of ans: Picture and Frame are under joint control of Joanne Smith, so this means that they are related parties.Sir how can a joint control exist? aren’t both under “(simply under) CONTROL of Jonanne smith”instead of “JOINT CONTROL”! June 7, 2021 at 4:35 pm #623703 Stephen WidbergKeymasterTopics: 15Replies: 3216☆☆☆☆☆I can’t see how it makes any difference – I would refer to it as joint control. Either way Picture and Frame are related parties.AuthorPostsViewing 2 posts - 1 through 2 (of 2 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In