Where an Entity Holds a Controlling Equity Interest in Another

question 29

True/False

Where an entity holds a controlling equity interest in another entity it may choose to account for that interest using the equity method of accounting.

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Definitions:

Flash Drive

A portable storage device that uses flash memory and can be connected to a computer through a USB port.

Executable File

A type of computer file that, when opened, instructs the operating system to perform specific actions or run a program.

Nonvolatile

Referring to a type of computer memory that retains data even when the power is turned off.

ROM

Read-Only Memory, a type of non-volatile storage that is used to store firmware or software that is rarely changed or updated.