When a Parent Company Owns Less Than 50% of a Subsidiary

question 85

True/False

When a parent company owns less than 50% of a subsidiary company, the companies must prepare consolidated financial statements.

---

Definitions:

Stimulus Generalization

A psychological phenomenon where a response to a specific stimulus also occurs in response to similar stimuli, often used in marketing to create brand families or product lines.

Calcium Supplement

a dietary product intended to provide calcium, essential for bone health and other bodily functions, to those who may not get enough from their diet.

Learned Predisposition

An acquired tendency to respond in a consistent way to a given object or entity, shaped by experiences, attitudes, and culture.

Attitude

A learned predisposition to respond to an object or class of objects in a consistently favorable or unfavorable way.