The Communists Took Over China in ________

question 33

Multiple Choice

The communists took over China in ________.

• A)1917
• B)1929
• C)1935
• D)1949
• E)1962

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Definitions:

Voting Common Stock

Shares of a company that grant the holder the right to vote on corporate matters at shareholder meetings.

Equity Method

An accounting technique used by a company to record its investments in other companies, where the investment is initially recorded at cost and subsequently adjusted to reflect the investing company's share of the investee's net income or losses.

Net Income

Net income refers to the total profit of a company after all expenses, taxes, and deductions have been subtracted from total revenue.

Owned Subsidiary

A company whose majority of shares or voting rights are held by another company, making it a controlling entity.