F Ltd owns 100% of G Ltd and 95% of H Ltd.H Ltd owns 90% of I Ltd and H Ltd owns 5% of J Ltd.F Ltd owns 10% of K Ltd and 10% of L Ltd.Which statement is most likely correct?

Question

Quizplus · Accepted Answer

F Ltd owns 100% of G Ltd and 95% of H Ltd, so F is the parent entity of G and H. 
H Ltd owns 90% of I Ltd and 5% of J Ltd, so H is the parent entity of I and J. 
Therefore, F is the ultimate parent entity since it owns G and H, and H owns I and J. 
F also owns 10% of K Ltd and 10% of L Ltd, but there is no indication that K or L have any subsidiaries, so D is not correct. 
There is no information provided to suggest that G is a reporting entity, so B is not correct.

F Ltd Owns 100% of G Ltd and 95% of H