P Ltd Owns 60% of a Ltd Which Owns 70

question 17

Multiple Choice

P Ltd owns 60% of A Ltd which owns 70% of B Ltd.B Ltd owns 85% of C Ltd,as well as owning 80% of D Ltd. What is the direct non- controlling interest in B Ltd?

• A)15%
• B)20%
• C)40%
• D)30%

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Definitions:

Bonds

Fixed income investments representing loans made by an investor to a borrower, typically corporate or governmental, which pay interest at predetermined intervals.

Notes Payable

A written agreement where the borrower promises to pay back a certain amount of money, under specific terms, to the lender at a future date.

Unamortized Discount

The portion of a bond's issue price that is below its face value and has not yet been amortized over the life of the bond.

Unamortized Premium

The portion of a bond premium that has not yet been amortized or gradually written off over the life of the bond.