QUESTION 28 Which of the following is/are false? A. When one firm, P, owns more than 50% of the voting stock of another company, S, P can control the activities of S in terms of broad policy making. B. When one firm. P. owns more than 50% of the voting stock of another company, S. P can control the activities of S in terms of day-to-day operations. When one firm, P, owns more than 50% of the voting stock of another company. S. common usage refers to P as the parent and to the majority-owned company S as the subsidiary. U.S. GAAP and IFRS generally require the parent to combine the financial statements of D. majority-owned companies with those of the parent in consolidated financial statements. E. None of the above