A corporation owns 90 percent of the voting power of a second corporation but only 70 percent of its total stock value.The corporations are:

Question

Quizplus · Accepted Answer

A controlled group exists when one corporation owns at least 80% of the voting power or total stock value of another corporation. In this case, the corporation owns 90% of the voting power, meeting the criteria for a controlled group.

A Corporation Owns 90 Percent of the Voting Power of a Second