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Mount Ltd Owns 60% of the Issued Share Capital of Tom

Question 10

Multiple Choice

Mount Ltd owns 60% of the issued share capital of Tom Ltd and 70% of the issued share capital of Price Ltd.Tom Ltd owns 90% of the issued capital of Karatha Ltd and 60% of the issued share capital of Roeburn Ltd.
-What is the ultimate parent shareholders' direct interest in Karatha Ltd?


A) 0
B) 36%
C) 42%
D) 60%

Correct Answer:

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