Geegle Corporation has two classes of common stock: 80,000 outstanding Class A shares with no voting rights; and 20,000 outstanding Class B shares with voting rights. Doodle Corporation, a public company, owns 11,000 Class B shares. Which of the following statement is correct?

Doodle may, but is not required, to file consolidated financial statements which includes Geegle.

Since Doodle only owns 11% of the total number of shares outstanding, it does not have control and therefore may not file consolidated financial statements which includes Geegle.

Since Doodle owns 55% of the voting rights, it has control and therefore must file consolidated financial statements which includes Geegle.

Doodle owns 55% of the voting rights and has control, but since it only owns 11% of the cash flows rights it may not file consolidated financial statements which includes Geegle.

None of the statements is correct.