It Is Possible That an Investor with Less Than a 50

question 81

True/False

It is possible that an investor with less than a 50 percent ownership interest may qualify for accounting recognition of control and appropriately prepare consolidated financial statements.

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Definitions:

Personality

An individual’s characteristic patterns of thought, emotion, and behavior, together with the psychological mechanisms behind those patterns.

Characteristic Patterns

Recurring behaviors or attributes that are typical of a person, group, or process.

Behavior

refers to the actions or reactions of an individual or system in response to external or internal stimuli.

Emotion

A complex psychological state involving an organism's physiological response, subjective experience, and expressive behavior.