Which of the following is not a controlled corporate group?
A)A corporation owning 100% of the outstanding stock of two other corporations.
B)Two corporations wholly-owned by the same individuals.
C)Two corporations each of whose stock is owned 80% by individual A and 20% by individual B.
D)Two corporations whose stock is publicly traded,where the two corporations are equal partners in a partnership.

Question

Quizplus · Accepted Answer

A controlled corporate group refers to a group of corporations where one corporation has control over the other corporations. Option D does not fit this definition as the two corporations have equal partnership and there is no controlling corporation. Therefore, it is not a controlled corporate group. Options A, B, and C all involve one corporation having control over the other corporations, making them controlled corporate groups.

Which of the Following Is Not a Controlled Corporate Group