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