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Consider the following situation: Husband Spouse Wife controls Significant influence Mahatima Ltd Graces Ltd Husband controls Mahatima Ltd. His spouse, Wife, exercises significant influence over

Consider the following situation:

Husband

Spouse

Wife

controls

Significant influence

Mahatima Ltd

Graces Ltd

Husband controls Mahatima Ltd. His spouse, Wife, exercises significant influence over Graces Ltd.

From the above statements and graph, explain the related party relationships that arise.

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