Both U.S.GAAP and IFRS often refer to ownership of a majority of the voting stock of another entity as indicating control, unless evidence indicates that the majority owner cannot exercise control.

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Both U.S.GAAP and IFRS consider ownership of a majority of the voting stock of another entity as indicative of control, unless evidence suggests that the majority owner cannot exercise control.

Both USGAAP and IFRS Often Refer to Ownership of a Majority