The following information relates to Z plc: (a) Alan owns 27% of the ordinary shares of Z
Question:
The following information relates to Z plc:
(a) Alan owns 27% of the ordinary shares of Z plc. Elaine is his wife.
(b) Z plc owns 60% of the ordinary shares of Y plc.
(c) Z plc owns 15% of the ordinary shares of X plc.
(d) Barbara is a director of Z plc. She owns 75% of the ordinary shares of W Ltd. David is her husband. He owns 10% of the ordinary shares of V Ltd.
(e) Colin works for Z plc as a manager but he is not a director. Fiona is his daughter.
(f) Z plc has established a pension scheme for the benefit of its employees. Identify those parties (if any) which are related to Z Plc.
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The parties related to Z Plc are Alan he owns 27 of the ordinary shares of Z plc ...View the full answer
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Related Book For 
International Financial Reporting A Practical Guide
ISBN: 978-1292200743
6th edition
Authors: Alan Melville
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