CIMA F2 Advanced Financial Reporting F2 Question # 55 Topic 6 Discussion

CIMA F2 Advanced Financial Reporting F2 Question # 55 Topic 6 Discussion

F2 Exam Topic 6 Question 55 Discussion:
Question #: 55
Topic #: 6

Which of the following examples would be classed as related parties ofJH Ltd due to the power they possess to directly influence the company?

1: JH Ltd's managing director

2: The son of JH Ltd's managing director, who is an intern in the company's office

3: The brother of JH Ltd's managing director, whose business supplies a large amount of production material for the company

4: JH Ltd's subsidiary company, AL Ltd

5: BR PLC, one of JH Ltd's regular customers


A.

1&4


B.

1


C.

1, 2, 3 & 4


D.

2, 3 & 4


E.

1, 2 & 3


F.

All of the above


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