According to IAS 27, How Can Effective Control Be Achieved

question 27

Multiple Choice

According to IAS 27, how can effective control be achieved without owning more than 50% of another company's voting shares?

• A)Representation on the company's board of directors
• B)Being the primary entity exercising voting rights
• C)Through a contract between the entities
• D)All of the above may result in control by one corporation over another.

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Definitions:

Codons

Sequences of three nucleotides in mRNA that specify the addition of a specific amino acid into a polypeptide chain during protein synthesis.

Anticodons

The three-nucleotide sequences on tRNA that are complementary to the codons on mRNA, important for the translation phase of protein synthesis.

mRNA

Messenger RNA (mRNA) is a type of RNA that conveys genetic information from DNA to the ribosome, where it specifies the amino acid sequence of the protein products of gene expression.

tRNA

Transfer RNA; a type of RNA molecule that helps decode a messenger RNA (mRNA) sequence into a protein during protein synthesis.