VI Semester B.Com. Examination, July/August 2024 (NEP Scheme) (Freshers) COMMERCE Indian Accounting Standards - 2 Time: 2½ Hours Max. Marks: 60 Instruction: Answers to be written completely in English or Kannada only. SECTION-A Answer any five sub-questions. Each question carries two marks. 1. a) Define a wholly owned subsidiary. A: A wholly owned subsidiary is one whose (subsidiary company) all the shares (100%) are held by the parent company. b) What do you mean by non-controlling interest ? A: The parent company may not purchase all the shares of its subsidiary. When some of the shares of subsidiary company are held by outsiders, their interest in the subsidiary company is known as Non-Controlling Interest. c) What are share warrants? A: Share warrant is a contractual document issued by a company. It gives the warrant holder the right or the option to purchase or sell the company’s shares at a specific predetermined price. d) What is a sale and lease back agreement ? A: In a ...
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