Multiple Choice
Firms sometimes invest in the common stock of other entities in order to exert significant influence or control over the other entity.U.S.GAAP and IFRS assume that firms owning more than ______ can exert control, unless other information indicates the contrary.
A) 20%
B) 30%
C) 40%
D) 50%
E) 60%
Correct Answer:
Verified
Correct Answer:
Verified
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