Which of the following statements in not correct:
A) A parent company is one that controls a subsidiary company
B) A subsidiary company is one that is controlled by a parent company
C) A corporate group comprises the parent company and each of its subsidiary companies
D) A holding company is an alternative term for a nested subsidiary
Correct Answer:
Verified
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Q11: An indirect interest derives from holding shares
Q12: A owns 85% of B, 90% of
Q13: Can an economic entity not be a
Q15: A company owned more than 50% by
Q16: F Ltd owns 100% of G Ltd
Q17: M owns 20% of N, 100% of
Q18: The concept that underpins consolidations is:
A)The entity
Q19: Joint control of a company does not
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