Which of the following statements is true concerning connecting affiliations and mutual ownerships?

Multiple Choice

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 parents stock.

e. There are only two companies in a connecting affiliation.