Which of the Following Statements Is CORRECT

question 53

Multiple Choice

Which of the following statements is CORRECT?

• A)Control is still possible if the Investor owns less than 50% of the voting shares of the Associate.
• B)An ownership interest between 20% and 50% always implies significant influence.
• C)An ownership interest between 0 and 10% can never imply significant influence.
• D)Significant influence is still possible if the Investor owns less than 20% of the voting shares of the Associate.

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Definitions:

Retire

To retire means to leave one's job or profession, often due to reaching a certain age or for health reasons, and generally implies ending regular employment to enjoy leisure, hobbies, or other interests.

Invested Funds

Money that has been allocated into various types of assets or investments with the expectation of generating returns.

Beginning

In a finance or accounting context, beginning often refers to the starting point or initial value of an asset, liability, or any financial record at the start of a period.

Withdraw

The act of removing funds from an account or investment, or the process of backing out of an engagement or commitment.