A company in which only the majority of shares (more than 50%) are owned by the holding company, it is said to be a/an __________.

CS Executive · Corporate and Management Accounting · PYQS · June 2022
A company in which only the majority of shares (more than 50%) are owned by the holding company, it is said to be a/an __________.
(A) Associate company
(B) Joint venture company
(C) Partly owned subsidiary company
(D) Limitedly owned subsidiary company

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Corporate Accounting

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