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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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