What percentage of shares,as a general rule,are held by an investor for it to be presumed that the investor has significant influence over the company,unless there is evidence to the contrary?
A) 20 per cent or more
B) 40 per cent or more
C) 50 per cent or more
D) 80 per cent or more

Question

Quizplus · Accepted Answer

As per the International Financial Reporting Standards (IFRS), ownership of 20% or more of the voting power of an entity is presumed to have significant influence unless it can be clearly demonstrated that this is not the case. This presumption can be rebutted with evidence to the contrary. Therefore, choice A is the best option.

What Percentage of Shares,as a General Rule,are Held by an Investor