When a Company Owns More Than 50% of the Ordinary

question 180

Multiple Choice

When a company owns more than 50% of the ordinary shares of another company,

• A) affiliated financial statements are prepared.
• B) consolidated financial statements are prepared.
• C) controlling financial statements are prepared.
• D) significant financial statements are prepared.

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Definitions:

Industrial Relations

The study and practice of managing the workforce, including the relationships between employers, employees, and the government.

Right To Join

The entitlement of individuals to become a part of an organization, group, or union, typically without restrictions.

Legal Obligation

A duty enforced by law that requires an individual or organization to follow or avoid specific actions.

Picketing

The act of protesting, typically by labor or trade union members, outside a place of employment or business to express grievances or demands.