Parent Ltd Owns 90% of S1 Ltd and S1 Ltd

question 27

Multiple Choice

Parent Ltd owns 90% of S1 Ltd and S1 Ltd owns 60% of S2 Ltd.The Parent Ltd NCI indirect ownership interest in S2 Ltd is:

• A) 10%.
• B) 40%.
• C) 6%.
• D) none of the above.

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Definitions:

Categorical Proposition

A statement that asserts or denies that all or some of the members of one category are included in another.

Singular Term

A term that refers to one and only one object.

Refers

Refers pertains to the action of mentioning or alluding to something.

Categorical Propositions

Statements that assert or deny that all or some members of one category are included in another category.