Which of the following must be possible in order for a business combination to exist?
A) Control of a subsidiary's net assets that constitute a business
B) Ownership of 100 % of a subsidiary's voting shares
C) Ownership of all of a subsidiary's assets
D) Ownership of all of a subsidiary's operating assets

Question

Quizplus · Accepted Answer

Control of a subsidiary's net assets that constitute a business is necessary for a business combination to exist. This involves gaining control over the operations and management of the subsidiary, which does not necessarily require 100% ownership of voting shares or ownership of all assets.

Which of the Following Must Be Possible in Order for a Business