An Indirect Non-Controlling Interest Arises

question 13

Multiple Choice

An indirect non-controlling interest arises:

• A) when a partly owned subsidiary owns shares in the parent entity.
• B) when a wholly owned subsidiary owns shares in the parent entity.
• C) only when a partly owned subsidiary holds shares in another subsidiary.
• D) only when a wholly owned subsidiary owns shares in another subsidiary.

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Definitions:

Commercial Disparagement

A false or misleading statement made about a business's goods or services intended to dissuade others from dealing with the business.

Scienter-based Misrepresentation

A false statement made by someone who knows it's false or recklessly disregards the truth, intended to induce another to act to their detriment.

Prima Facie

A Latin term meaning "on its face" or "at first glance"; it refers to evidence that, unless rebutted, would be sufficient to prove a particular proposition or fact.

Duress

A situation where an individual is forced or pressured into making a decision against their will or judgement through threats or coercion.