In a Multiple Consolidation,the Ownership Interests of Subsidiaries Are Determined

question 2

Multiple Choice

In a multiple consolidation,the ownership interests of subsidiaries are determined using:

• A) direct ownership interests.
• B) indirect ownership interests.
• C) both direct and indirect ownership interests.
• D) none of the above.

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Definitions:

Dischargeable

Pertaining to debts that can be eliminated through bankruptcy proceedings, releasing the debtor from liability.

Discharge

Release from liability.

Defraud Creditors

The act of using deception or dishonesty to deny creditors their rightful claims on assets or funds.

Bankruptcy Code

The codified set of federal laws that govern bankruptcy proceedings in the United States, providing for various forms of debt relief for individuals and businesses.