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?

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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

(D) There is no significant financial relationship between the two

Correct Answer - Option(C)
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