A ________ Is a Written Statement of Why a Company

question 42

Short Answer

A ________ is a written statement of why a company exists and what it plans to accomplish.

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Definitions:

Non-Controlling Interest

An ownership interest in a corporation where the stake does not grant the holder the control over the company's operations and policies.

Buildings And Equipment

Long-term tangible assets owned by a business for use in the production or supply of goods and services, for rental to others, or for administrative purposes.

Entity Method

An accounting approach used in preparing consolidated financial statements where investments are recorded based on the parent company's percentage interest in the net assets of the subsidiary.

Consolidated Statement

A financial statement that presents the assets, liabilities, and operating results of a parent company and its subsidiaries as one entity.