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Jade Ltd has an 80% interest in Ruby Ltd. Ruby Ltd has a 100% interest in Emerald Ltd. Sapphire as a 20% interest in Ruby

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Jade Ltd has an 80% interest in Ruby Ltd. Ruby Ltd has a 100% interest in Emerald Ltd. Sapphire as a 20% interest in Ruby Ltd. Which of the following would be considered to be indirect control? a. Ruby Ltd to Sapphire Ld b. Jade Ltd to Emerald Ltd C. Jade Ltd to Ruby Ltd d. Jade Ltd to Emerald Ltd and Sapphire Ltd Justification

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