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    Business
  3. Study Set
    Accounting for Corporate
  4. Exam
    Exam 6: Partly-Owned Subsidiaries: Indirect Non-Controlling Interest
  5. Question
    Parent Ltd Owns 90% of S1 Ltd and S1 Ltd
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Parent Ltd Owns 90% of S1 Ltd and S1 Ltd

Question 10

Question 10

Multiple Choice

Parent Ltd owns 90% of S1 Ltd and S1 Ltd owns 60% of S2 Ltd.Parent Ltd's indirect ownership interest in S2 Ltd is:


A) 90%.
B) 60%.
C) 54%.
D) none of the above.

Correct Answer:

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