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Subsidiary
A company that is completely or partially owned and wholly controlled by another company, referred to as the parent company.
Voting Stock
Shares that give the shareholder a right to vote on company matters, such as electing the board of directors.
Control
The power to direct the financial and operating policies of a business with a view to gain economic benefits from its activities.
Accounting for Business Combinations
The process of accounting for the acquisition of one company by another and combining the financial statements.
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