According to US Generally Accepted Accounting Principles (GAAP), an acquirer, is deemed to control an acquiree, only if the former O A has the power to govern the latter's operating and financial policies O B. has direct ownership of more than 50 per cent of the latter's outstanding ordinary shares. OC has the ability to affect the latter's dividend and major operating policies. O D. belongs to the same conglomerate of entities as the latter