A controlling interest in a company implies that the parent company
A. owns all of the subsidiary's stock.
B. has acquired a majority of the subsidiary's common stock.
C. has paid cash for a majority of the subsidiary's stock.
D. has transferred common stock for a majority of the subsidiary's outstanding bonds and debentures.
Answer:B
A controlling interest in a company implies that the parent company
A. owns all of the subsidiary's stock. B. has acquired a majority of the subsidiary's common stock. C. has paid cash for a majority of the subsidiary's stock. D. has transferred common stock for a majority of the subsidiary's outstanding bonds and debentures.