Jamison Co

question 21

Multiple Choice

Jamison Co. owned 60% of Tyler Co.'s voting shares and 25% of Simon Ltd.'s voting shares. Tyler owns 30% of Simon's voting shares. Which of the following statements is TRUE?

• A)Tyler is the only subsidiary of Jamison.
• B)Simon is a subsidiary of both Tyler and Jamison.
• C)Simon is the only subsidiary of Tyler.
• D)Both Tyler and Simon are subsidiaries of Jamison.