Gen Combo Ll Financial Accounting Fundamentals; Connect Access Card
Gen Combo Ll Financial Accounting Fundamentals; Connect Access Card
7th Edition
ISBN: 9781260581256
Author: John Wild
Publisher: McGraw-Hill Education
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Chapter C, Problem 13QS
To determine

Subsidiary:

Subsidiary is the part of parent. The companies who make investment in the parent companies are the subsidiary companies.

Parent:

The company having more than 50% controlling is parent. The investee invests in the parent company to earn high percentage of return.

Controlling:

Controlling is the special feature of equity security. The investors not only receive the return on investment but have control over the affairs of the company in which the investor invest money.

To identify: Select the term or phrase for the given statement.

1.

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