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Significant influence is normally presumed to exist if the investor owns at least a certain percentage of the investeecompany's ordinary shares. This percentage is_____. Select one: a. 10% b. 50% c. 51% d. 20%

Significant influence is normally presumed to exist if the investor owns at least a certain percentage of the investeecompany's ordinary shares. This percentage is_____. Select one: a. 10% b. 50% c. 51% d. 20%

FINANCIAL ACCOUNTING
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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Significant influence is normally presumed to exist if the investor owns at least a certain percentage of the investeecompany's ordinary shares. This percentage is_____.
Select one:
a.
10%
b.
50%
c.
51%
d.
20% 

Expert Solution
Step 1

Significant influence, is power of participating in the decisions of investee.

But, significant influence does not give any controlling powers.

 

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