Which of the Following Is Not a Controlled Corporate Group

question 35

Multiple Choice

Which of the following is not a controlled corporate group?

• A)A corporation owning 100% of the outstanding stock of two other corporations.
• B)Two corporations wholly-owned by the same individuals.
• C)Two corporations each of whose stock is owned 80% by individual A and 20% by individual
• D)Two corporations whose stock is publicly traded, where the two corporations are equal partners in a partnership.

---

Definitions:

Sarbanes-Oxley Act of 2002

A U.S. federal law that set new or expanded requirements for all U.S. public company boards, management, and public accounting firms, aiming to protect investors from fraudulent financial reporting.

Enron

An American energy company that collapsed in 2001 amid revelations of widespread corporate fraud and corruption.

Exclusionary Rule

A rule of law in the United States that bars the use of evidence obtained or examined in contravention of the defendant's constitutional protections in legal proceedings.

Supreme Court

The Supreme Court is the highest judicial body in a country, typically having the ultimate jurisdiction over all other courts.