Pallet Corporation Owns 80% of Adelt Corporation and Adelt Owns

question 8

Multiple Choice

Pallet Corporation owns 80% of Adelt Corporation and Adelt owns 60% of Bajo Inc.Which of the following is correct?

• A)Bajo should not be consolidated because noncontrolling interests hold 52%.
• B)Bajo should be consolidated because the 60% of Bajo stock is held in the affiliate structure.
• C)Pallet has 8% indirect ownership of Bajo.
• D)Pallet has 80% indirect ownership of Bajo.

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Definitions:

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A U.S. federal law designed to protect workers and job applicants 40 years of age and older from discrimination based on age.

President Lyndon B. Johnson

The 36th President of the United States (1963–1969), known for his domestic policies, including the Great Society, and significant legislation on civil rights.

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