Significant influence over the operating and financial policies of another company would not be indicated by:
A)Participation on its board of directors.
B)Participation in its policy-making process.
C)Evidence of material transactions between the two companies.
D)Both firms using the services of the same law firms and investment advisors.

Question

Quizplus · Accepted Answer

Using the same law firms and investment advisors does not indicate significant influence over another company's operating and financial policies.

Significant Influence Over the Operating and Financial Policies of Another