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Parent Entity Owns 40% of AcquireCo Voting Shares, Sub Entity

Question 6

Multiple Choice

Parent Entity owns 40% of AcquireCo voting shares, Sub Entity (a subsidiary of Parent Entity) owns 11% of AcquireCo voting shares, and AcquireCo has 49% of voting shares. Which company is considered to have control?


A) Parent Entity
B) Sub Entity
C) AcquireCo
D) None of the above

Correct Answer:

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