____________________ and ____________________ Are Two Common Types of Single-Use Plans

question 30

Short Answer

____________________ and ____________________ are two common types of single-use plans.
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Definitions:

Subsidiary

A company controlled by another company, known as the parent company, usually through ownership of more than 50% of its voting stock.

Indirect NCI

An accounting term referring to the portion of equity in a subsidiary not directly attributable to the parent company, calculated on a proportional basis.

Ownership Interest

A stake or share in an asset or entity, giving the holder a claim to a portion of its equity or assets and possibly a share in its profits.

Limited

A form of corporate structure whereby the shareholders' liability is limited to the capital they have invested in the company.