Fleet,Inc.owns 85% of the stock of Pete,Inc.and 35% of the stock of Zete,Inc.and 90% of the stock of Stock ownership of Bete,Inc.Bete owns 5% of the stock of Pete and 5% of the stock of Zete.Zete owns 10% of the stock of Bete.The remaining stock of Pete and Zete is owned by unrelated individuals.Which of the following statements is correct?
A) Fleet,Zete,Pete,and Bete are an affiliated group.
B) Fleet and Zete are an affiliated group.
C) Fleet and Pete are an affiliated group.
D) Fleet,Pete,and Bete are an affiliated group.
Correct Answer:
Verified
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