Joker Corporation owns 80% of Klue Corporation. Joker Corporation also owns 45% of Lion Corporation and 45% of Mark Corporation. Klue Corporation owns 40% of Lion Corporation and 10% of Mark Corporation. Which corporations are members of a controlled group?

Question

Quizplus · Accepted Answer

Joker Corporation owns 80% of Klue Corporation, making them part of a parent-subsidiary controlled group. Additionally, Joker and Klue together own more than 50% of Lion Corporation (45% + 40%), making Lion part of the controlled group as well.

Joker Corporation Owns 80% of Klue Corporation