It Is Possible That an Investor with Less Than a 50

question 81

True/False

It is possible that an investor with less than a 50 percent ownership interest may qualify for accounting recognition of control and appropriately prepare consolidated financial statements.

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Definitions:

Easement

A legal right to use another person's land for a specific limited purpose.

Land Adjacent

Property that is next to or bordering another property.

Future Interest

A person’s present right to property ownership and possession in the future.

Present Right

The current legal ability to exercise a right or claim to property, as opposed to a future or conditional interest.