alleryStart learning →Enterprises owned by directors or major shareholders are what under AS 18?
AFellow subsidiaries
BRelated parties
CAssociates only
DExcluded entities
Answer & Solution
Correct answer: B. Related parties
Enterprises over which key managers or major shareholders exercise significant influence, including ones they own, are related parties.
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Related questions
An enterprise is deemed able to appoint a director if the director is what?If a regulator prohibits some required disclosure, AS 18 says what?Significant influence may be gained by share ownership, statute or what?An investor with under 20 percent voting power is presumed to have what?Which is cited as a way of exercising significant influence?An intermediary is a subsidiary as defined in which standard?Which of these is usually key management personnel in a company?Individuals with control or influence are related parties with whom?