Assume That X Corp

Multiple Choice

Assume that X Corp. controls Y Corp., X constantly purchases and sells Y's voting shares on the open market while always ensuring that it maintains a controlling interest over Y. Which of the following statements pertaining to X buying and selling activity is correct?

A) X's activity has no effect on the non-controlling interest.
B) As X sells shares of Y, the non-controlling interest increases.
C) As X sells shares of Y, the non-controlling interest decreases.
D) As X buys shares of Y, the non-controlling interest increases.