Multiple Choice
All of the following are examples of how a parent company may lose control over a subsidiary and discontinue future consolidation,except:
A) The parent sells some of its interest in the subsidiary.
B) The subsidiary issues additional common stock.
C) The subsidiary comes under the control of the government or other regulator.
D) The subsidiary issues a stock dividend or a stock split.
Correct Answer:

Verified
Correct Answer:
Verified
Q32: On December 31,20X8,Pancake Company acquired controlling ownership
Q33: Pink Inc.sells half of its 70% interest
Q34: On January 1,20X9,Pirate Corporation acquired 80 percent
Q35: On January 1,20X6,Pumpkin Corporation acquired 70 percent
Q36: On January 1,20X2,Pint Corporation acquired 80 percent
Q38: On January 1,20X9,Pirate Corporation acquired 80 percent
Q39: On December 31,20X8,Pancake Company acquired controlling ownership
Q40: When a parent owns less than 100%
Q41: Postage Corporation acquired 75 percent of Stamp
Q42: On January 1,20X6,Pumpkin Corporation acquired 70 percent