Significant influence of one company over another has been defined by the accounting profession as the ownership of what minimum percent of the second company's stock?

Name: Significant influence of one company over another has been defined by the accounting profession as the ownership of what minimum percent of the second company's stock?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Significant influence is typically defined as owning 20% or more of another company's voting stock, according to accounting standards.

Significant Influence of One Company Over Another Has Been Defined