16) Rainbow Co. owns the following investment in other companies. Green Co. Red Co. Blue Co Select one Oa Green Co. O b. Red Co. Rainbow Co. also has appointed five of the seven directors of Blue Co. Which of the following investments are accounted for as subsidiaries in the consolidated accounts of R Co. c Green and Blue Equity shares held 80% 25% 45% Od. All of them Non-equity shares held nil 80% 25%

16) Rainbow Co. owns the following investment in other companies. Green Co. Red Co. Blue Co Select one Oa Green Co. O b. Red Co. Rainbow Co. also has appointed five of the seven directors of Blue Co. Which of the following investments are accounted for as subsidiaries in the consolidated accounts of R Co. c Green and Blue Equity shares held 80% 25% 45% Od. All of them Non-equity shares held nil 80% 25%

SWFT Individual Income Taxes

43rd Edition

ISBN:9780357391365

Author:YOUNG

Publisher:YOUNG

Chapter20: Corporations And Parterships

Section: Chapter Questions

Problem 42P

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