Using the information in question 23,what is the indirect parent entity interest in C Ltd?
A)22.4%
B)33.6%
C)35.7%
D)42%

Question

Quizplus · Accepted Answer

The indirect parent entity interest in C Ltd is calculated by multiplying the parent entity's interest in the subsidiary by the subsidiary's interest in C Ltd. If the parent owns 60% of a subsidiary that owns 59.5% of C Ltd, the indirect interest is 60% * 59.5% = 35.7%.

Using the Information in Question 23,what Is the Indirect Parent