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P Plc. was incorporated in London. P Plc. Holds 100% of the equity shares in S Bhd. S Bhd was incorporated in Malaysia and holds

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P Plc. was incorporated in London. P Plc. Holds 100% of the equity shares in S Bhd. S Bhd was incorporated in Malaysia and holds 70% of AT Bhd. Who are the ultimate parent and intermediate parent? Who should prepare the consolidated Financial statements? ( 3m )

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