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In your own words, explain how stock ownership relates to control for another company. Is some level of stock ownership automatically enough to give control?

In your own words, explain how stock ownership relates to control for another company. Is some level of stock ownership automatically enough to give control? Why or why not? Also explain what the point is of consolidation entries. Why cant we just add across the various figures for both companies, without adjustments, to get the the correct totals for the group?

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