TireShop, Inc. owns 85 percent of Rubber Supply Co.'s voting stock throughout the tax year. TireShop and Rubber Supply would be considered as what kind of controlled group?

Name: TireShop, Inc. owns 85 percent of Rubber Supply Co.'s voting stock throughout the tax year. TireShop and Rubber Supply would be considered as what kind of controlled group?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Related TireShop and Rubber form a Parent-subsidiary controlled group because TireShop owns at least 80% of Rubber Supply Co.'s stock.