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A business combination occurs when a company acquires an equity interest in another entity and has: a. at least 20% ownership in the entity. b.

A business combination occurs when a company acquires an equity interest in another entity and has:

a.

at least 20% ownership in the entity.

b.

more than 50% ownership in the entity.

c.

100% ownership in the entity.

d.

control over the entity, irrespective of the percentage owned.

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