The Shareholders' Equity Section of a Consolidated Statement of Financial

question 19

True/False

The shareholders' equity section of a consolidated statement of financial position shows the shareholder equity attributable to the parent.

---

Definitions:

White Knight

A corporation or individual that acquires a corporation on the verge of being taken over by forces deemed undesirable by the company's board or management.

Hostile Takeover

An acquisition attempt by a company or investor to acquire another company against the wishes of the target company's management and board of directors.

Joint Venture

Typically, an agreement between firms to create a separate, co-owned entity established to pursue a joint goal.

Existing Firms

Companies or enterprises that have been established and are currently operative in the marketplace.