When a parent sells its subsidiary interest, a gain (loss) is recognized if the parent 
Definitions:
Parent Company
A corporation that owns enough voting stock in another firm to control management and operations by influencing or electing its board of directors.
Subsidiary
A company that is completely or partially owned and controlled by another company, known as the parent company.
Legal Differences
Variations in laws and regulations across different jurisdictions.
Economic Differences
Variations in economic conditions or performance, typically among countries, regions, or sectors.
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