The Following Is an Extract from the Minority Interest Memorandum

question 11

Multiple Choice

The following is an extract from the minority interest memorandum, used to calculate minority interests. Both subsidiaries became members of the economic entity at the same time at the start of this current period

What is the minority indirect equity (percentage) interest in Ken Limited?

• A) 0%.
• B) 22%.
• C) 33%.
• D) 40%.
• E) Cannot determine from the information provided.

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Definitions:

V

Typically represents voltage in electrical contexts, indicating the electrical potential difference between two points.

Cycle

In electrical terms, a cycle refers to one complete oscillation or wave of alternating current or voltage.

Frequency

The rate at which an alternating current or a repetitive electronic signal oscillates, typically measured in hertz (Hz).

Hertz

The unit of frequency in the International System of Units (SI), equal to one cycle per second.