In a consolidated group of entities, control over the subsidiaries in the group:
A) requires 100% ownership of the subsidiaries' shares.
B) can exist where the rights are purely protective rights.
C) may not be shared control.
D) can be shared with other entities.

Question

Quizplus · Accepted Answer

Control in a consolidated group means having the power to govern the financial and operating policies of an entity, which typically does not allow for shared control.

In a Consolidated Group of Entities, Control Over the Subsidiaries