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What is peter ltd more likely to do to account

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    Assignment ID: FG133134354

    Question – Peter Ltd holds 40% of the voting shares in Parker Ltd and it has the right to appoint 4 executive directors and 4 non-executive (independent) directors in Parker Ltd. Under the articles of association, the total board seat is a maximum of 14 and each director has one vote at board meetings. Flash Ltd owns 40% of the shares in Parker Ltd and Arrow Ltd owns the remaining 20% shares in Parker Ltd. What is Peter Ltd more likely to do to account for its investment in Parker Ltd?

    There is not enough information in the question.

    Peter Ltd should not consolidate Parker Ltd as it has less than majority votes.

    Peter Ltd should not consolidate Parker Ltd as it has less than majority votes and cannot appoint/remove the majority of the board of directors.

    Peter Ltd should consolidate Parker Ltd because it can appoint/remove the majority of the board of directors.

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