Under ARB 51,"controlling financial interest "is:
A)not defined.
B)defined as 50% ownership of another entity's voting shares.
C)the direct or indirect ability to make decisions about another entity's activities.
D)the right to receive the expected residual returns of another entity if they occur.

Question

Quizplus · Accepted Answer

The Answer of Under ARB 51,"controlling financial interest "is:
A)not defined.
B)defined as 50% ownership of another entity's voting shares.
C)the direct or indirect ability to make decisions about another entity's activities.
D)the right to receive the expected residual returns of another entity if they occur.

Under ARB 51,"controlling Financial Interest "Is