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What Are Two "Hidden" Contributions to Economic Development in Africa

question 42

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What are two "hidden" contributions to economic development in Africa?


Definitions:

Trademark

A recognizable sign, design, or expression that identifies products or services of a particular source from those of others.

Equity in Subsidiary Earnings

The share of income from a subsidiary that is reflected in the parent company's income statement.

Consolidated Financial Statements

Consolidated financial statements are a comprehensive reporting of a parent company’s financial activities, including its subsidiaries, presenting it as a single economic entity.

Goodwill

An intangible asset that arises when a buyer acquires an existing business but pays more than the fair value of its net assets at the time of acquisition.

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