An Ownership Interest of Greater Than 50 Percent Is Required

question 92

True/False

An ownership interest of greater than 50 percent is required for an investor to have accounting control over an investee.

---

Definitions:

Reasonable Period

An amount of time that is fair and sensible under the circumstances for a particular action to be completed or evaluated.

Durability

The ability of a product or material to withstand wear, pressure, or damage, maintaining its functionality and appearance over time.

Sale Of Goods Act

Legislation that governs the sale of goods, providing rights to buyers and obligations to sellers.