INTERMEDIATE EXAMINATION: SEPTEMBER 2024Inter
P Ltd. has 60% voting right in Q Ltd. Q Ltd. has 20% voting right in R Ltd. Also, P Ltd. directly enjoys voting right of 14% in R Ltd. R Ltd. is a Listed Company and regularly supplies goods to P Ltd. The Management of R Ltd. has not disclosed its relationship with P Ltd. While preparing Financial Statements of P Ltd., which entities would you disclose as related parties with reference to AS-18?
A
(A) Q Ltd.
B
(B) R Ltd.
C
(C) Q Ltd. and R Ltd.
D
(D) Neither of Q Ltd. or R Ltd.