Significant Influence of One Company Over Another Has Been Defined

question 149

Multiple Choice

Significant influence of one company over another has been defined by the accounting profession as the ownership of what minimum percent of the second company's stock?

• A)20%
• B)50%
• C)100%
• D)30%

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Definitions:

Wealthy Southern Planters

Historically, affluent landowners in the Southern United States who relied heavily on slave labor for agricultural production.

Freedmen

Refers to former enslaved African Americans who were emancipated during and after the American Civil War.

Emancipation

The act of freeing individuals from bondage or slavery, often refers specifically to the liberation of slaves during the U.S. Civil War.

Economic Opportunities

Refers to the chances or prospects available within a society for individuals or groups to improve their financial and social status through employment, entrepreneurship, and investment.