Ajak corporation owns 85 of the single class of utech, Ask an Expert

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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. Ajax, Tech, Utech and Baxter Corporations are an affiliated group.

b. Ajax, Tech, and Baxter Corporations are an affiliated group.

c. Ajax, Tech and Utech Corporations are an affiliated group.

d. none of the above

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9415295

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