Question
Harvey, Inc., a U.S. Corporation owns 95% of the stock of Dent, Inc. (a corporation incorporated in New York) and 85% of the stock of
Harvey, Inc., a U.S. Corporation owns 95% of the stock of Dent, Inc. (a corporation incorporated in New York) and 85% of the stock of Lau, Inc (a corporation incorporated in Hong Kong). The remaining stock of Dent and Lau is owned by unrelated individuals. Which of the following statements is correct? Select one:
a. Harvey, Dent, and Lau are an affiliated group.
b. Harvey and Lau are an affiliated group.
c. Harvey and Dent are an affiliated group.
d. There is no affiliated group here.
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Access Audit Handbook
Authors: Alison Grant
1st Edition
1859461778, 978-1859461778
