Why are only those entities in which another entity owns more than 50% of the issued shares

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Why are only those entities in which another entity owns more than 50% of the issued shares classified as subsidiaries?

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Applying International Financial Reporting Standards

ISBN: 978-0730302124

3rd edition

Authors: Keith Alfredson, Ken Leo, Ruth Picker, Paul Pacter, Jennie Radford Victoria Wise

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Question Posted: Apr 30, 2016 01:09 PM

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Why are only those entities in which another entity owns more than 50% of the issued shares

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No The criterion for consolidation is not based on percentage ...View the full answer

Applying International Financial Reporting Standards

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