Company A, which owns 40% of Company Y, has the power given by contractual agreement with other
Question:
Company A, which owns 40% of Company Y, has the power given by contractual agreement with other shareholders of Company Y to appoint or remove the majority of the members of the board of directors of Company Y. Is Company Y a subsidiary of Company A?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (4 reviews)
Answer Yes Company Y would be considered a subsidiary of Company A The ability to appoint or remove ...View the full answer
Answered By
Muhammad Khurram
I have strong General Management skills to apply in your projects. Over last 3 years, I have acquired great knowledge of Accounting, Auditing, Microsoft Excel, Microsoft PowerPoint, Finance, Microsoft Project, Taxation, Strategic Management, Human Resource, Financial Planning, Business Planning, Microsoft Word, International Business, Entrepreneurship, General Management, Business Mathematics, Advertising, Marketing, Supply Chain, and E-commerce. I can guarantee professional services with accuracy.
4.80+
249+ Reviews
407+ Question Solved
Related Book For
Advanced Financial Accounting An IFRS Standards Approach
ISBN: 9781285428765
4th Edition
Authors: Pearl Tan, Chu Yeong Lim, Ee Wen Kuah
Question Posted:
Students also viewed these Business questions
-
In Deep Water: Boardroom Tussle at Asia Water Technology Case Overview Listed on the Singapore Exchange in March 2005 , Asia Water Technology Ltd (AWT) faced problems such as rapidly deteriorating...
-
Define the terms: (Section 7.7.1) (a) Group; (b) Parent company; and (c) Subsidiary. Data From Section 7.7.1: The smallest group consists of two companies. A group is created when one company (the...
-
In each of the following cases you are required to give your opinion with reasons on whether or not there is a parent/subsidiary under IFRS 3. Suggest any other information if any that might be...
-
2. Using the data below, create the project schedule using normal times. Determine the order in which you would crash the project one day, two days, and so on until it is in an all-crash mode....
-
For the beam in Figure P4-37, determine a suitably sized W section from Appendix F or from another suitable source such that the bending stress does not exceed 150 MPa and the maximum deflection does...
-
On December 29, 2024, Adams Apples purchased 1,000 shares of General Electric common stock for $19 per share. On December 31, the market value of the stock increased to $20 per share. On January 24,...
-
Which of the following requires UK limited companies to publish financial information? a. The Companies Act b. The Corporation Act c. European Union Directive 421B d. The Partnership Act
-
Flo Choi owns a small business and manages its accounting. Her company just finished a year in which a large amount of borrowed funds was invested in a new building addition as well as in equipment...
-
Given g(x) = (x + 1) + 3 Describe the transformations in words from the parent function f(x) A opens up B opens down vertical stretch D vertical shrink E horizontal shift left LL F horizontal shift...
-
Company A owns 40 million ordinary shares issued by Company B. The total number of ordinary shares issued by Company B is 100 million. At the same time, Company A also holds $10,000,000 of...
-
Company A is given the contractual right by billionaire Jill Gates to govern, on her behalf, the daily affairs and long-term policies of Company X, a company whose shares Ms Gates owns. Is Company X...
-
It is proposed to build a 1000-MW electric power plant with steam as the working fluid. The condensers are to be cooled with river water. The maximum steam temperature is 550C, and the...
-
4. (30 points) In lecture, we've mentioned how the lower and upper Darboux sums 'bound' possible Riemann sums. In this problem, let's make that statement more rigorous. (a) Let f : [a,b] R be a...
-
How does technological advancement, particularly in the digital realm, redefine the boundaries of deviance and create new forms of social regulation and surveillance?
-
Show the steps in deriving the following equation for the initial velocity of the ball vo in relation to the height that the ball swings up to, h, the mass of the ball m, the mass of the catcher M,...
-
Starting at rest, a dragster accelerates in 1st gear at a constant rate of 45.2 km/h/s for 2.5 s. then in 2nd gear at a contant rate of 27.1 km/hr/s for 2.5 s. The vehicle is then brought to rest by...
-
Assuming the following transaction details for an acquisition, calculate the amount of goodwill that will be recorded on the transaction: Purchase consideration given = 46.5 million shares issued,...
-
Kate Connor, a teacher at Meadow Middle School, is in charge of ordering the T-shirts to be sold for the schools annual fund-raising project. The T-shirts are printed with a special Meadow School...
-
Differentiate the following terms/concepts: a. Personality types and money attitudes b. Planners and avoiders c. Moderating and adapting to biases d. "Perfectible judges" and "incorrigible judges"
-
Most Company purchased 90 percent of the voting common stock of Port Company on January 1, 20X4, and 15 percent of the voting common stock of Adams Company on July 1, 20X4. In preparing the financial...
-
Most Company purchased 90 percent of the voting common stock of Port Company on January 1, 20X4, and 15 percent of the voting common stock of Adams Company on July 1, 20X4. In preparing the financial...
-
Forth Company owned 85,000 of Brown Companys 100,000 shares of common stock until January 1, 20X2, at which time it sold 70,000 of the shares to a group of seven investors, each of whom purchased...
-
Mark Welsch deposits $7,300 in an account that earns interest at an annual rate of 8%, compounded quarterly. The $7,300 plus earned Interest must remain in the account 1 years before it can be...
-
Exercise 7-9 (Algo) Second-Stage Allocation to an Order [LO7-4] Durban Metal Products, Limited, of the Republic of South Africa makes specialty metal parts used in applications ranging from the...
-
Classify each of the following costs as either unit-level, batch-level, product-level, or facility-level. a. Engineering costs for a new product b. Order processing c. Depreciation on factory d....
Study smarter with the SolutionInn App