S Ltd has the following share capital in issue: 100 000 R 4 Ordinary shares 50 000 R3 Preference shares 7% Non redeemable Of the above shares in issue, P ltd owns 55 000 Ordinary shares and 45 000 Preference shares. Preference share dividends are payable annually at the 31 December year end. Preference shareholders have a preferential right to their dividend payment and will receive a proportionate share of the net assets available for distribution in the event of liquidation of the acquiree. Are the following statements true or false?: 2.1) P Ltd has control of S Ltd and should prepare consolidated financial statements: Question 2Select one: True False