Q1291
If an entity owns directly or indirectly more than 50% of voting rights, control is presumed unless clearly proven that it is not control. Sometimes control exists, even if there is less than 50% of voting rightes exist. State which of the followings is/are example(s) of control even if voting power is less than 50%
A.
Power to govern financial and operating policies under statute
B.
Power to remove/appoint majority members of BOD that controls the entity
C.
Power to cost majority of votes at meetings of BOD that controls the entity
D.
All of the above
AnswerAnswer: Option D
Solution
Answer: Option D
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