An Entity in Which an Investor Has Significant Influence Is

question 41

Multiple Choice

An entity in which an investor has significant influence is known as:

• A) a joint venture;
• B) a related party;
• C) a subsidiary;
• D) an associate.

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Definitions:

Basic Accounting Equation

The foundational accounting principle stating that Assets = Liabilities + Equity.

General Journal

An initial record where all transactions are first entered, providing a chronological order of all financial transactions made by a business.

Chronological Record

A record of events in the order they occurred over time.

Transactions

In finance and business, transactions refer to the exchange or transfer of goods, services, or funds between two or more parties.