Question

Question: Which of the entities on the chart are affiliates of the audit client Port Co A? Click the button below to review the chart, then come back to drag and drop each entity from the left side of the screen into the corresponding space to the right. Click SUBMIT to see if you're correct. Affiliate NOT an Affiliate GP/RIA, Fund 1, Fund 2, Port. Co. B, Port. Co. C, Port. Co. D Chart: Diagram Description: The chart is a hierarchical structure with the following entities and ownership percentages: - GP/RIA at the top has 1% ownership in Fund 1 and Fund 2. - Fund 1, from which: - Port. Co. A has 100% ownership and 55% fund assets - Port. Co. B has 30% ownership and 4% fund assets. - Fund 2 is immaterial to GP and from it: - Port. Co. C has 90% ownership and 10% fund assets. - Port. Co. D has 10% ownership and 55% fund assets.

          Question: Which of the entities on the chart are affiliates of the audit client Port Co A?
Click the button below to review the chart, then come back to drag and drop each entity from the left side of the screen into the corresponding space to the right. Click SUBMIT to see if you're correct.
Affiliate
NOT an Affiliate
GP/RIA, Fund 1, Fund 2, Port. Co. B, Port. Co. C, Port. Co. D

Chart:


Diagram Description: The chart is a hierarchical structure with the following entities and ownership percentages:
- GP/RIA at the top has 1% ownership in Fund 1 and Fund 2.
- Fund 1, from which:
  - Port. Co. A has 100% ownership and 55% fund assets
  - Port. Co. B has 30% ownership and 4% fund assets.
- Fund 2 is immaterial to GP and from it:
  - Port. Co. C has 90% ownership and 10% fund assets.
  - Port. Co. D has 10% ownership and 55% fund assets.

Question: Which of the entities on the chart are affiliates of the audit client Port Co A?
Click the button below to review the chart, then come back to drag and drop each entity from the left side of the screen into the corresponding space to the right. Click SUBMIT to see if you're correct.
Affiliate
NOT an Affiliate
GP/RIA, Fund 1, Fund 2, Port. Co. B, Port. Co. C, Port. Co. D

Chart:

Diagram Description: The chart is a hierarchical structure with the following entities and ownership percentages:
- GP/RIA at the top has 1% ownership in Fund 1 and Fund 2.
- Fund 1, from which:
- Port. Co. A has 100% ownership and 55% fund assets
- Port. Co. B has 30% ownership and 4% fund assets.
- Fund 2 is immaterial to GP and from it:
- Port. Co. C has 90% ownership and 10% fund assets.
- Port. Co. D has 10% ownership and 55% fund assets.

Added by Mariano W.

Question

Please give Ace some feedback