Clowdermilk9243 Clowdermilk9243

27-12-2019
Business

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GAAP identifies several levels of influence/control. If Company One owns 10% of the outstanding voting stock of Company Two, which level of influence/control is in evidence?

A. Fair-value method
B. Significant Influence
C. Control
D. Passive
E. None of the above

Respuesta :

igeayomide12 igeayomide12

29-12-2019

Answer:

D which is passive

Explanation:

An investment would be deemed passive if Company One owns 0% to 20% of the investment company.

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