An Indirect NCI Arises Only Where a Partly Owned Subsidiary

question 14

True/False

An indirect NCI arises only where a partly owned subsidiary holds shares in another partly owned subsidiary.

---

Definitions:

Passive Voice

A grammatical construction where the object of an action becomes the subject of the sentence, emphasizing the action rather than the doer.

Priority

The fact or condition of being regarded or treated as more important than others.

Daily Log

A record maintained on a daily basis, listing activities, completed tasks, and noteworthy events, often used for personal or professional tracking.

Follow-up Correspondence

The exchange of communication that occurs after an initial meeting or conversation, aiming to continue dialogue or confirm outcomes.