Jamison Co. owned 60% of Tyler Co.'s voting shares and 25% of Simon Ltd.'s voting shares. Tyler owns 30% of Simon's voting shares. Which of the following statements is TRUE?
A) Tyler is the only subsidiary of Jamison.
B) Simon is a subsidiary of both Tyler and Jamison.
C) Simon is the only subsidiary of Tyler.
D) Both Tyler and Simon are subsidiaries of Jamison.
Correct Answer:
Verified
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