A Subsidiary Is Defined as an Entity That Is Controlled

question 37

Multiple Choice

A subsidiary is defined as an entity that is controlled by another company. Three criteria must be present in order for there to be control. The parent must have all of the following except:

• A)The ability to direct the financial and operating policies of another company.
• B)The ability to obtain returns from another company.
• C)The ability to use its power to affect the returns from another company.
• D)The ability to issue any class of securities in a public market on behalf of another company.

---

Definitions:

Minutes Used

The total amount of time, measured in minutes, that has been used or consumed for a specific activity or service.

Football Team

A group of players formed to compete in football matches, typically comprising various positions such as defense, midfield, and attack.

Average Attendance

The mean number of individuals present at a series of events or gatherings, serving as an indicator of interest or engagement.

Larger Stadium

A sports or event venue with a larger capacity for accommodating more spectators.