M Owns 20% of N, 100% of O, 90% of P

question 26

Multiple Choice

M owns 20% of N, 100% of O, 90% of P and 25% of Q.R owns 55% of N and 70% of Q.Which statement is most likely correct?

• A)N is not controlled by any entity
• B)N, R and Q comprise a group
• C)M and O comprise a group
• D)M, N, O, P, Q and R comprise an economic entity

---

Definitions:

High-low Method

A technique used in managerial accounting to estimate variable and fixed cost components of a cost by analyzing the highest and lowest activity levels.

Electrical Cost

Electrical cost refers to the expenses incurred from the use of electricity, often a significant component of utility costs for homes and businesses.

Machine-hour

A measure of the amount of time a machine is run, often used as a basis for allocating manufacturing overhead to products.

High-low Method

A technique used in cost accounting to estimate fixed and variable costs associated with production by using the highest and lowest levels of activity.