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a. What percentage of the total assets controlled by Scully Corporation does its common stock equity represent? c. How does a holding company effectively provide
a. What percentage of the total assets controlled by Scully Corporation does its common stock equity represent? c. How does a holding company effectively provide a great deal of control for a small dollar investment? d. Answer parts a and b in light of the following additional facts. (1) Company A's fixed assets consist of $17,000 of common stock in company C. This level of ownership provides voting control. (2) Company C's total assets of $403,000 include $15,000 of stock in Company D, which gives Company C voting control over company D's $51,000 of total assets. a. The percentage of the total assets controlled by Scully Corporation as its common stock equity represents is 2.42%. (Round to two decimal places.) b. The percentage of the total assets controlled by the outside company's equity is \%. (Round to two decimal places.) Data table
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