COST ACCOUNTING
FINANCIAL TERMINOLOGY
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
A company which is owned or controlled by another company.
|
|
Subsidiary
|
|
|
Stock
|
|
|
Scrap value
|
|
|
Salvage value
|
Explanation:
Detailed explanation-1: -A subsidiary is a company that is owned or controlled by a parent or holding company. Usually, the parent company will own more than 50% of the subsidiary company. This gives the parent organization the controlling share of the subsidiary. In some cases, control can be achieved simply by being the majority shareholder.
There is 1 question to complete.