According to IAS 27,how Can Effective Control Be Achieved Without

question 48

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:

Working Memory

A mental system with restricted capability tasked with holding information briefly for the purposes of processing and altering it.

Iconic Memory

A type of visual sensory memory that holds a brief photographic image of a scene that has just been perceived, lasting for a very short period of time.

Automatically Processed

Information or tasks that are performed with little or no conscious effort, often due to repetition or familiarity.

Identification

The psychological process in which an individual assimilates an aspect, property, or attribute of another and is transformed, wholly or partially, by the model the other provides.