46-Company X owns 70% of the voting stock of Company A and 20% of the voting stock of Company B. Company A owns 60% of the voting stock of Company B. Determine Company X’s interest in Company B’s earnings. a. 80% b. 70% c. 62% d. 70%

46-Company X owns 70% of the voting stock of Company A and 20% of the voting stock of Company B. Company A owns 60% of the voting stock of Company B. Determine Company X’s interest in Company B’s earnings. a. 80% b. 70% c. 62% d. 70%

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Concept explainers

Consolidation

Consolidation in general examination implies an asset oscillating between well-defined methods of trading status. Consolidation is commonly known as market indecisiveness, which completes when the asset's values move forward or backward the trading structure.

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80%

70%

62%

70%

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