An investor presumed to have significant influence owns as least 20% but not more than 50% of another company's voting stock.

Name: An investor presumed to have significant influence owns as least 20% but not more than 50% of another company's voting stock.
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Question

Quizplus · Accepted Answer

According to accounting standard ASC 323, an investor who owns between 20% and 50% of another company's voting stock is presumed to have significant influence over that company.

An Investor Presumed to Have Significant Influence Owns as Least