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Simplify.
Operating Expense
Recurring expenses incurred during normal business operations, such as rent, utilities, and salaries.
Parent Corporation
A larger corporation that owns more than half the stock of another firm, allowing it to control the subsidiary's management and operations.
Foreign Subsidiary
A company owned or controlled by another company (the parent) but located and operating in a country different from the parent company.
Statement Of Retained Earnings
A financial statement that outlines the changes in retained earnings for a specific period, typically impacted by net income and dividends distributed.
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