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Recognition
The formal acknowledgment in accounting that a transaction or event affects the financial statements of a company.
Separate Incorporation
The legal process of forming a new corporation that is distinct and separate from any owners or other entities.
Subsidiary Dissolved
The process of legally dissolving a subsidiary company, which involves winding up its operations and financial affairs.
Acquisition
The process of obtaining control of another company or business asset through purchase, merger, or another method.
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