USGAAP and IFRS View Ownership of More Than 50% of an Investee

question 52

True/False

U.S.GAAP and IFRS view ownership of more than 50% of an investee as implying an ability to control the investee, unless evidence indicates to the contrary.

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Definitions:

Satellite Modem

A type of modem that can provide Internet access at speeds faster than an analog modem but slower than cable or DSL access.

WiBro

Mobile Wireless Broadband: Also known as mobile WiMAX, allows wireless connectivity for moving devices, such as those on a bus or train.

Cable Modem

A modem that connects to the cable TV network.

Mentoring

A relationship in which a more experienced or more knowledgeable person helps to guide a less experienced or less knowledgeable person.