Which of the following statements is correct?
A) The non-controlling interest cannot have the majority of the equity in a subsidiary since it would not then be a non-controlling interest.
B) The non-controlling 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 non-controlling interest may have the majority of the equity and a majority of the voting power in a subsidiary but still remain a non-controlling interest.
D) None of the above.

Question

Quizplus · Accepted Answer

The Answer of Which of the following statements is correct?
A) The non-controlling interest cannot have the majority of the equity in a subsidiary since it would not then be a non-controlling interest.
B) The non-controlling 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 non-controlling interest may have the majority of the equity and a majority of the voting power in a subsidiary but still remain a non-controlling interest.
D) None of the above.

Which of the Following Statements Is Correct