Which of the following must be possible in order for a business combination to exist?
A)Control of a subsidiary's net assets.
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 is essential for a business combination, as it allows the parent company to direct the financial and operating policies of the subsidiary.

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