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  2. Topic
    Business
  3. Study Set
    Australian Financial Accounting
  4. Exam
    Exam 30: Further Consolidation Issues IV: Accounting for Changes in the Degree of Ownership of a Subsidiary
  5. Question
    Control Over a Subsidiary May Be Lost Without a Change
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Control Over a Subsidiary May Be Lost Without a Change

Question 24

Question 24

True/False

Control over a subsidiary may be lost without a change in absolute or relative ownership levels.An example of this is loss of control to a court administrator as a result of bankruptcy.

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