Assume That X Corp

question 44

Multiple Choice

Assume that X Corp.controls X Corp.X constantly purchases and sells Y's voting shares on the open market while always ensuring that it maintains a controlling interest over Y.Which of the following statements pertaining to X buying and selling activity is correct?

• A)X's activity has no effect on the non-controlling interest.
• B)As X sells shares of Y,the non-controlling interest Increases.
• C)As X sells shares of Y,the non-controlling interest decreases.
• D)As X buys shares of Y,the non-controlling interest Increases.

---

Definitions:

Physician

A medical professional who is qualified to diagnose and treat illnesses, injuries, and other health conditions, often holding a degree in medicine.

Legal Issues

Any disputes, challenges, or situations that involve the interpretation and application of laws.

Auditor

The accountant who examines the financial records of an organization to determine whether those records are a fair representation of the actual financial health of the institution.

Vice President For Finance

An executive role responsible for managing an organization's financial actions, including planning, risk management, and record-keeping.