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Control will exist when the investor has < 50% of the voting rights with the remainder widely distributed . I taught control exist when investor parent co hold above 50% .
Sir , also, I have gone through the notes again but I did not see where Danute had 612,000 inventory . The information said 12000 was its fair value not prior value
No, the question said that it had been undervalued by $12,000
The question never gave a figure for $600,000 and that’s why, when I wrote my response, I said the inventory was , SAY, $600,000
Control normally exists when an investor holds >50% of voting rights but see the bottom of page 26 in the course notes
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