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.

---

Definitions:

Importers and Exporters

Businesses that specialize in bringing goods into a country (importers) and sending goods out of a country (exporters) to foreign markets.

Exchange Rate

The amount one currency can be converted into another currency for.

France

A country located in Western Europe, known for its rich history, culture, and contributions to art, science, and philosophy.

Exchange Rate

The value of one currency for the purpose of conversion to another, determining how much one currency is worth in terms of another.