Question: Explain the difference between de facto control and de jure control over another company. How should it be determined which company should consolidate the controlled

Explain the difference between de facto control and de jure control over another company. How should it be determined which company should consolidate the controlled company in the case in which one investor [company X] has a majority ownership of the investee [company Z], but a third party [company Y] has de facto control of Z? Do both X and Y consolidate Z?

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