Please help me with this accounting question How can a business entity have controlling interest of another business entity when it does not own over 50% of the parent company ordinary share capital?

Shareholders that have a controlling interest often are able to direct the course of at least 50% of the outstanding shares of a given company plus one person or group owns a significant portion of it's voting shares, as not every deal that continues to give them majority voting power over the new entity.

Explanation:

I majored in Business

its simple as this, microeconomics is the study of economics at an individual, group or company level, macroeconomics on the other hand, is the study of a national economy as a whole.

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