Initially, Ratification Is a Question Of: ______

question 21

Multiple Choice

Initially, ratification is a question of: ______.

• A) intention.
• B) consideration.
• C) form.
• D) implication.

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Definitions:

Consolidated Equity

The total amount of owners' equity represented in a consolidated financial statement, which reflects the combine equity of a parent company and its subsidiaries.

Non-controlling Interest

The portion of equity in a subsidiary not owned by the parent company, also known as minority interest.

Profit After Tax

The net income of a company after all taxes have been deducted from revenues.