Task: Class Definition Understanding (ontology: Business_Finance/Financial_Industry_Business_Ontology)

Which of the following definitions best describes 'direct consolidation'?

A. ownership by some party of some formal organization or organizational sub-unit that is a foreign affiliate and legally part of the owning entity
B. direct ownership of an entity recorded as accounting consolidation
C. shareholders's equity that formally confers control in the entity, either by law or as explicitly stated in a corresponding equity instrument
D. highest-level (top, end) ancestral ownership, evidenced by accounting consolidation, by some party of some other legal entity

Answer: direct ownership of an entity recorded as accounting consolidation