Jonas Co Owned 60% of Kara Co

question 30

Multiple Choice

Jonas Co. owned 60% of Kara Co.'s voting shares and 25% of Lynn Ltd.'s voting shares. Kara owns 30% of Lynn's voting shares. Which of the following statements is true?

• A)Kara is the only subsidiary of Jonas.
• B)Both Kara and Lynn are subsidiaries of Jonas.
• C)Lynn is a subsidiary of both Kara and Jonas.
• D)Lynn is the only subsidiary of Kara.

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