If a controlling entity has delegated control to another entity, the parent is deemed to be:
A) the delegated party who is actively exercising control;
B) both the delegating party and the party to whom control has been delegated;
C) the entity who delegated the control;
D) neither entity as actual control has been lost.

Question

Quizplus · Accepted Answer

The parent entity is the one who delegated the control, regardless of who is actively exercising it. Therefore, the correct choice is C – the entity who delegated the control.

If a Controlling Entity Has Delegated Control to Another Entity