Which of the following must be possible in order for a business combination to exist?

A) Control of a subsidiary's net assets that constitute a business
B) Ownership of 100 % of a subsidiary's voting shares
C) Ownership of all of a subsidiary's assets
D) Ownership of all of a subsidiary's operating assets

Net Assets

The difference between total assets and total liabilities, representing the owner's or shareholders' equity in a company.

Ownership

The legal right of possessing, using, and disposing of something, especially property or goods.

Voting Shares

Shares that give the shareholder the right to vote on company matters, such as electing directors and approving major company decisions.