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According to US Generally Accepted Accounting Principles (GAAP), an acquirer, is deemed to control an acquiree, only if the former a. has the power to
According to US Generally Accepted Accounting Principles (GAAP), an acquirer, is deemed to control an acquiree, only if the former a. has the power to govern the latter's operating and financial policies. b. has direct ownership of more than 50 per cent of the latter's outstanding ordinary shares. c. has the ability to affect the latter's dividend and major operating policies. d. belongs to the same conglomerate of entities as the latter. e. and the latter are set up by the same founding family
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