Which of the following statements is correct?
A) The minority interest cannot have the majority of the equity in a subsidiary since it would not then be a minority interest.
B) The minority interest cannot have the majority of voting power in a subsidiary since a majority would give that interest the power to control a subsidiary.
C) The minority interest may have the majority of the equity and a majority of the voting power in a subsidiary but still remain a minority interest.
D) None of the above.

Question

Quizplus · Accepted Answer

The Answer of Which of the following statements is correct?
A) The minority interest cannot have the majority of the equity in a subsidiary since it would not then be a minority interest.
B) The minority interest cannot have the majority of voting power in a subsidiary since a majority would give that interest the power to control a subsidiary.
C) The minority interest may have the majority of the equity and a majority of the voting power in a subsidiary but still remain a minority interest.
D) None of the above.

Which of the Following Statements Is Correct