Question: :) A Ltd, B Ltd, and C Lid are each 33.3 percent shareholders of XY Pty Ltd, a small proprietary company that is involved in

:) A Ltd, B Ltd, and C Lid are each 33.3 percent shareholders of XY Pty Ltd, a small proprietary company that is involved in the music industry. C Ltd and A Lid are passive shareholders with one board seat each out of a total of three. B Lid has one board seat and is also involved in the day-to-day running of the business. For each of the above situations, determine whether or not control exists and, if so, by which party (under IFRS 10)AASE 10. Discuss the reasons for your answers

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