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    Business
  3. Study Set
    Financial Accounting and Reporting
  4. Exam
    Exam 23: Further Consolidation Issues III: Accounting for Indirect Ownership Interest
  5. Question
    A Plc Owns 60% of the Issued Capital of B
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A Plc Owns 60% of the Issued Capital of B

Question 7

Question 7

Multiple Choice

A Plc owns 60% of the issued capital of B Plc and B Plc owns 55% of the issued capital of C Plc.What is A's interest in C Plc?


A) 55%
B) 24%
C) 30%
D) 33%

Correct Answer:

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