China Investments Pty Ltd, a wholly owned subsidiary of AMGL, has not adopted a constitution. It currently has two directors: Charlie Chester (who is also a director of AMGL) and Tom Tucker, an employee of AMGL. Tom has resigned from AMGL and AMGL would like to replace him on the China

China Investments Pty Ltd, a wholly owned subsidiary of AMGL, has not adopted a constitution. It currently has two directors: Charlie Chester (who is also a director of AMGL) and Tom Tucker, an employee of AMGL. Tom has resigned from AMGL and AMGL would like to replace him on the China

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

China Investments Pty Ltd, a wholly owned subsidiary of

AMGL, has not adopted a constitution. It currently has two directors: Charlie

Chester (who is also a director of AMGL) and Tom Tucker, an employee of AMGL.

Tom has resigned from AMGL and AMGL would like to replace him on the China

Investments board with Wendy Wu. What steps are required to do this?

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