A owns 40% of B and 30% of C.Both B and C own 15% of D each.There is a presumption of significant influence by A over:

A) B and C.
B) B only.
C) B, C and D.
D) no significant influence over any of B,C and D.

Significant Influence

Refers to the power to participate in the financial and operating policy decisions of an investee but is not control or joint control over those policies.

Voting Shares

Shares that give the shareholder the right to vote on corporate matters, such as electing the board of directors and approving policies.