Problem related to affiliated group

Assignment Help Accounting Basics

Reference no: EM13135106

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

Reference no: EM13135106

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