Determine kalchi and loew have influence over mamba


Problem

Kalchi Company and Loew Company have 27 percent and 15 percent of the common shares of Mamba Company, having voting rights at the shareholders general meeting. Loew Company also owns 80 percent of the common shares of Kalchi, having voting rights at the shareholders general meeting. It is determined that Kalchi is a subsidiary of Loew. Following an analysis, Kalchi and Loew do not control or jointly control Mamba.

Task: Determine whether Kalchi and Loew have significant influence over Mamba. Explain.

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Accounting Basics: Determine kalchi and loew have influence over mamba
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