Mount Ltd Owns 60% of the Issued Share Capital of Tom

question 1

Multiple Choice

Mount Ltd owns 60% of the issued share capital of Tom Ltd and 70% of the issued share capital of Price Ltd.Tom Ltd owns 90% of the issued capital of Karatha Ltd and 60% of the issued share capital of Roeburn Ltd.
-What is the NCI's indirect interest in Roeburn Ltd?

• A)40%
• B)24%
• C)60%
• D)36%

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Definitions:

Cartel

An association of independent businesses organized to control production, pricing, and marketing of goods to restrict competition.

Labor

The human effort, both physical and mental, used in the production of goods and services.

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The lowest legally permissible hourly wage that employers can pay their workers, intended to protect employees from unduly low pay.

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Individuals who are capable of working and are actively seeking employment but are unable to find a job.