Discuss companies that are all under common control


Question: Which of the following statements is true if a majority of Company A's common stock is owned by one or more other companies that are all under common control by Company B? Multiple choice question. Company B is said to have direct control of Company A. Company A is said to have direct control of Company B. Company A is said to have indirect control of Company B. Company B is said to have indirect control of Company A.

 

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Accounting Basics: Discuss companies that are all under common control
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