When the ownership percentage of stock exceeds 20 percent but is less than 50 percent, GAAP presumes that the investor:
A. has no influence to exert over the investee company.
B. is trying to take over the investee company.
C. is only investing for a short-term trading position.
D. is able to exert influence over the investee company.
Answer: D
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Fill in the blank(s) with correct word
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Indicate whether the statement is true or false
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