A company is referred to as a parent if it owns
A)33% of the debt securities of a second company.
B)100% of the debt securities of a second company.
C)15% of the equity securities of a second company.
D)None of these are correct.

Question

Quizplus · Accepted Answer

A company is referred to as a parent company if it owns more than 50% of the voting stock of another company, not based on the percentage of debt securities or a small percentage of equity securities.

A Company Is Referred to as a Parent If It