An indirect NCI can exist in an entity only where there is a direct NCI in the immediate parent of that entity.

Name: An indirect NCI can exist in an entity only where there is a direct NCI in the immediate parent of that entity.
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Question

Quizplus · Accepted Answer

This statement is true. An indirect NCI can only be present in an entity if there is a direct NCI in its immediate parent. This means that the NCI is not directly held by the entity itself, but rather by its parent company or entity.

An Indirect NCI Can Exist in an Entity Only Where