Investor Ltd holds 25% of the voting shares of Investee Ltd.If another company holds the remaining 75%:

A) Investee Ltd is an associate of Investor Ltd.
B) Investee Ltd is not an associate of Investor Ltd.
C) it is probable that Investee Ltd is not an associate of Investor Ltd.
D) none of the above.

Voting Shares

Shares of a company that give the shareholder the right to vote on corporate matters and board elections.

Associate

An entity over which an investor has significant influence, typically evidenced by owning 20% to 50% of the voting stock, but not control.

Remaining

The portion or quantity left over or unallocated after other parts have been accounted for or allocated.