question archive Which ONE of the following situations are unlikely to represent control over an investee? (a) Owning 55% and being able to elect 4 of the 7 directors (b) Owning 40% of the shares but having majority of voting rights within the investee (c) Owning 35% of the ordinary shares and 80% of the preference shares of the investee
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Which ONE of the following situations are unlikely to represent control over an investee? (a) Owning 55% and being able to elect 4 of the 7 directors (b) Owning 40% of the shares but having majority of voting rights within the investee (c) Owning 35% of the ordinary shares and 80% of the preference shares of the investee