Asked by
Tyler Perez
on Nov 14, 2024
Verified
A company that controls the common shares of another company is known as the
A) charge company.
B) subsidiary company.
C) parent company.
D) management company.
Parent Company
A corporation that owns a controlling interest in another company or companies, allowing it to control their policies and management.
Subsidiary Company
A company that is controlled by another company, typically referred to as the parent company.
- Determine the consequences of considerable influence and control in the context of accounting for investments.
- Identify the standards for integrating financial statements and the notion of a subsidiary within the realm of investment accounting.
Verified Answer
SC
Learning Objectives
- Determine the consequences of considerable influence and control in the context of accounting for investments.
- Identify the standards for integrating financial statements and the notion of a subsidiary within the realm of investment accounting.