Which of the Following Statements Is True Concerning Connecting Affiliations

Multiple Choice

Which of the following statements is true concerning connecting affiliations and mutual ownerships?

A) In a mutual ownership, at least two companies in the consolidated group own portions of a third company.
B) There are at least four companies in a connecting affiliation.
C) In a connecting affiliation, at least one subsidiary owns stock in the parent company.
D) In a mutual ownership, the subsidiary owns a portion of the parent's stock.
E) There are only two companies in a connecting affiliation.