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Q. |
If AB Ltd buys more than 50% of the shares in CD Ltd then which of the following statements accurately summarizes the relationship between these two firms? |
A. | AB Ltd is a subsidiary undertaking of CD Ltd |
B. | CD Ltd is the parent undertaking |
C. | AB Ltd is the parent undertaking |
D. | There is no significant financial relationship between the two |
Answer» C. AB Ltd is the parent undertaking |
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