Ms. A owns 70 percent of the shares of A Ltd. and 10 percent of the shares of B Inc. A Ltd. owns 30 percent of the shares of B Inc. Ms. As 6 year old child owns 40 percent of the shares of B Inc. There are no other shareholders who hold shares in both Companies. Required: Clearly indicate your answers for the following: (1) Are A Ltd. and B Inc. associated? (Yes or No) (2) Show Ms. As total (direct & indirect) ownership calculation in each corporation: Ms. As ownership in A Ltd.: Ms. As ownership in B Inc:. (3) Identify the appropriate reference (ITA provisions), if associated .