Which is closest to ifrs business combinations definition

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Problem 1: Which of the following is closest to IFRS 3 Business Combinations definition of control?

A. A company is deemed to have control over another only when it owns a majority of the voting shares of another company.
B. A company is deemed to have control when it can elect a majority of the Board members of another company.
C. Control is the ability to direct the activities of a company that most significantly affect the investor's returns.
D. Control exists only when a company has the continuing power to determine the operating and financing policies of another company and attempts to exercise such powers.

Reference no: EM132827971

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