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Panini Corporation Owns 85% of the Outstanding Voting Stock of Strathmore

Question 13

Multiple Choice

Panini Corporation owns 85% of the outstanding voting stock of Strathmore Company and Malone Corporation owns the remaining 15% of Strathmore's voting stock.On the consolidated financial statements of Panini Corporation and Strathmore,Malone is


A) an affiliate.
B) a noncontrolling interest.
C) an equity investee.
D) a related party.

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