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nevsk [136]
3 years ago
5

Ajak Corporation owns​ 85% of the single class of Utech Corporation stock. Utech Corporation owns​ 35% of Tech Corporation. Ajak

Corporation also owns​ 50% of Tech​ Corporation, and Tech Corporation owns​ 75% of Baxter Corporation.
A.
​Ajak, Tech,​ Utech, and Baxter Corporations are an affiliated group.
B.
​Ajak, Tech, and Baxter Corporations are an affiliated group.
C.
​Ajak, Tech, and Utech Corporations are an affiliated group.
D.
None of the above are correct.
Business
1 answer:
lys-0071 [83]3 years ago
3 0

Answer:

C.) ​Ajak, Tech, and Utech Corporations are an affiliated group.

Explanation:

An affiliated group refers to two or more separate corporations that have some type of common ownership relationship between them, but do not file consolidated financial statements, and therefore are considered separate entities for tax purposes.

To be considered an affiliated group, the parent company must own at least 80% of another corporation. Baxter corporation is excluded because Tech only owns 75% of it.

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Explanation:

Federal Reserve increases the money supply in the hands of the public if it buys back issued securities from large banks. Conversely, Federal Reserve decreases the money supply in the hands of the public if it sells securities. As a result, the money supply increases.

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Precision Camera Services started the year with total assets of​ $120,000 and total liabilities of​ $40,000. The company is a so
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                                                               = $125,000

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