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Which of the following statements is true concerning connecting affiliations and mutual ownerships? A. In a mutual ownership, at least two companies in the consolidated
Which of the following statements is true concerning connecting affiliations and mutual ownerships?
A. | In a mutual ownership, at least two companies in the consolidated group own portions of a third company. |
B. | There are at least four companies in a connecting affiliation. |
C. | In a connecting affiliation, at least one subsidiary owns stock in the parent company. |
D. | In a mutual ownership, the subsidiary owns a portion of the parent's stock. |
E. | There are only two companies in a connecting affiliation. |
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