Jeffrey Corporation Owns 85% of Placer Corporation and 25% of Mercer

question 35

Essay

Jeffrey Corporation owns 85% of Placer Corporation and 25% of Mercer Corporation. Placer Corporation owns 60% of Mercer Corporation and 45% of Tyson Corporation. Jeffrey Corporation also owns 85% of Apple Corporation and Apple Corporation owns 30% of Tyson Corporation. Which of these corporations are members of an affiliated group if all percentages represent voting power and value held by the respective corporations?

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Definitions:

Central Government

The political authority that governs an entire nation or country, as opposed to local or regional governments.

Regional Governments

Governmental authorities that manage and administer specific geographic regions within a country, focusing on the unique needs and interests of those regions.

Necessary

Essential or needed to achieve a certain result or outcome.

Supremacy Clause

A provision in the U.S. Constitution declaring that federal law prevails over state law when there is a conflict between them.