2. The traditional definition of control for a parent companysubsidiary relationship (parents ownership of more than 50%
Question:
2. The traditional definition of control for a parent company–subsidiary relationship
(parent’s ownership of more than 50% of the subsidiary’s outstanding common stock)
emphasizes:
a. Legal form.
b. Economic substance.
c. Both legal form and economic substance.
d. Neither legal form nor economic substance.
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