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Statement I If an entity holds directly indirectly 50 or more...

This question belongs to Commerce Accounting
Accounting
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Statement I If an entity holds directly/indirectly 50% or more of the voting power of the investee, it is presumed thus such entity has significant influence.
Statement II AS-24 deals with related party disclosures.
Which of the following is/are correct?

Answer & Solution
Correct Answer: Option B
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1 Comment
Mandeep Pandey
Mandeep Pandey 2 years ago
As 18 deals with Related party disclosure so statement 2 is wrong❌
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