Large,global enterprises typically have an equity interest in other entities throughout the world.Some of the interests represent wholly-owned (100%-owned)subsidiaries,while others represent lesser percentages of ownership.These large global conglomerates provide information on the percentage ownership of their various affiliated companies in the notes to the consolidated financial statements.
The following list of companies represents the ownership percentage of selected companies by a large global company:
Required:
Explain how you would expect the global company holding the indicated interests to account for each of the companies listed above,based on the percentage ownership reported.
Correct Answer:
Verified
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