Which of the following is true of holding companies?
A) They had no existence in the eyes of the law.
B) They held capital for pending investments.
C) They owned partial or complete interest in other companies.
D) They controlled the assets of bankrupt companies.

Question

Quizplus · Accepted Answer

Holding companies are companies that own partial or complete interest in other companies, but do not necessarily produce goods or services themselves. They are formed for the purpose of controlling the assets, management, and profits of other companies.

Which of the Following Is True of Holding Companies