Caloundra Limited Has an 85% Ownership Interest in Minchinton Limited

question 50

Multiple Choice

Caloundra Limited has an 85% ownership interest in Minchinton Limited. Minchinton Limited has a 55% ownership interest in Moreton Limited. As a result of these ownership interests, there is a direct ownership interest in Moreton Limited amounting to:

• A) 15%.
• B) 8%.
• C) 45%.
• D) 85%.