(11) A CPA Firm is engaged in a Financial Statement Attest Engagement for Ziggy Corporation. Ziggy Corp owns 22% of Mott The Hoople, a domestic Corporation; Mott the Hoople has the highest revenue generating asset in the United States during a 2 month period. During that two month period (if not longer), the CPA Firm must remain independent from Mott the Hoople because:

(a) Ziggie Corp and Mott the Hoople are a Network Firm.

(b) Mott the Hoople is an affiliate under B.

(c) Mott the Hoople is an affiliate under C.

(d) Mott the Hoople and the CPA firm are a Network Firm.

(12) A CPA firm is engaged in a Financial Statement Attest Engagement for Monolith Corp. One of the CPAs on the attest engagement team for Monolith owns 30% of the stock in Electric Warrior. Electric Warrior does not own any stock in Monolith, and has neither control nor significant influence over Monolith. Monolith does not own any stock in Electric Warrior, and has neither control nor significant influence over Electric Warrior. Under this fact pattern alone:

(a) The CPA can document their independence is not compromised.

(b) The CPA must determine whether Monolith or Electric Warrior are controlled by the same entity.

(c) The CPA must determine whether Monolith or Electric Warrior are material to a controlling entity.

(d) Both B and C

(e) None of the above.