Suppose an immaterial relationship exists between MPC, Inc., your firm's audit client, and JRG Retailers. Which statement best describes a situation in which JRG is an affiliate of MPC?
A. JRG has significant influence over MPC.
B. JRG controls MPC.
C. JRG is controlled by MPC.
D. JRG is a general partner that controls MPC (a fund).

Question

GinnyAnswer · Answer

JRG Retailers is best described as an affiliate of MPC, Inc. if it has significant influence over MPC. This means that JRG can affect the decisions made by MPC without directly controlling it. ;

Anonymous · Answer

JRG Retailers is best described as an affiliate of MPC, Inc. if it has significant influence over MPC. This means JRG can affect the decisions made by MPC without directly controlling it. Therefore, the correct answer is option A: JRG has significant influence over MPC. 
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Answer (2)

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