Solved

Under GAAP, Investee Companies That Are 20 to 50 Percent

Question 105

Multiple Choice

Under GAAP, investee companies that are 20 to 50 percent owned by investor companies are often referred to as affiliate companies. Under IFRS, affiliate companies are referred as:


A) Sister companies
B) Associate companies
C) Brother companies
D) Subordinate companies

Correct Answer:

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