Under categories of inter-corporate evidence, minority active - significant influence can be evidenced by, and one example in schweser is dependence on technology. Can someone give me an example of this? Thank you
AliCo Chemical Industries Ltd. has an 18% ownership in Storko Inc, an upstream oil producing company. Storko Inc uses AliCo’s demulsifier chemical technology to efficiently separate the oil from the water before shipment down the pipeline. Because you rely on my technology to fundamentally run your business, AliCo has a minority active ownership in your company and should use the equity method to account for the 18% ownership.
Thanks Aliman, you do alot for me. I want you to meet me.
Start up an oil company, and then I’ll start up a chemical company and then we’ll talk