Could Companies A and B constitute a corporate group

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Question - Company X buys 3.5 million shares in Company Z, a listed company with 12 million voting shares. Company X then elects three of nine directors of Company Z. What kind of accounting would be required for this investment? Explain the guidelines.

Company A owns no shares in Company B. The only buyer of the specialised production output of Company B is Company A. Could Companies A and B constitute a corporate group? Explain the guidelines.

Reference no: EM132560387

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