Following the Accounting Concept of a Business Combination,a Business Combination

question 22

Multiple Choice

Following the accounting concept of a business combination,a business combination occurs when a company acquires an equity interest in another entity and has

• A)at least 20% ownership in the entity.
• B)more than 50% ownership in the entity.
• C)100% ownership in the entity.
• D)control over the entity,irrespective of the percentage owned.

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Definitions:

Standard Deviation

A measure of the dispersion or spread in a set of values, indicating how much variation there is from the average (mean).

Mound-Shaped

Refers to a graphical representation of data characterized by a symmetric, bell-shaped curve typical of a normal distribution.

25th Percentile

Refers to the value below which 25% of the data in a data set is found.

Ascending Order

Arranging data points or numbers from the smallest to the largest.