X has a 40% shareholding in each of the following three companies:
P: X has the right to appoint or remove a majority of the directors of P.
Q: X has significant influence over the affairs of Q.
R: X has the power to govern the financial and operating policies of R.
Which of these companies are subsidiaries of X for financial reporting purposes?
A   Q and R only
B   P and R only
C   P and Q only
D   , Q and R

B (960,000 x 20%) + (48,000 x 20% x 1/2) – (84,000 x 20% x 1/4)