Which of the following statements is correct?
A) The minority interest cannot have the majority of the equity in a subsidiary since it would not then be a minority interest.
B) The minority interest cannot have the majority of voting power in a subsidiary since a majority would give that interest the power to control a subsidiary.
C) The minority interest may have the majority of the equity and a majority of the voting power in a subsidiary but still remain a minority interest.
D) None of the above.
Correct Answer:
Verified
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