Company A owns 80% of the voting shares of Company B, which in turn owns 70% of the shares of Company C. There are no outstanding conversion rights, warrants or options which would enable holders of other instruments to acquire additional voting shares of any of these companies. In this scenario, which of the following statements is TRUE? Control cannot be determined from the information given. Company A has no control over Company C because it does not own any shares of Company C. Company A has indirect control over Company C. Company A has direct control over Company C