Examlex
Kai Keoni has created custom statues made out of scrap metal for over ten years.He lives above his shop in Martha's Vineyard,Maryland.Kai is an accounting fanatic and has kept detailed records of every statue he has ever created.For every sale,he obtains the customer's name and address,a description of the statue,and a picture of the statue sold to the customer.His unique style has recently attracted the attention of several celebrities.Ready to take his business to the next level,Kai has hired you to construct an accounting information system,which he wants modeled after his paper records.As you look over his records,you notice that some customer last names have different first names in different records.For example,R.Framington Farnsworth,Bob Farnsworth,and Snake Farnsworth all seem to be the same person.You explain to Kai that every customer must be identified by a unique customer number in the AIS.You are referring to the
Companies Existence
Refers to the legal recognition and status of a corporation as an entity that is separate and distinct from its owners or shareholders.
Parent Corporation
A corporation that owns all of the shares of another corporation (known as its subsidiary).
Holding Company
A type of corporation that owns enough voting stock in another company to control its management and policies.
Share Exchange
A transaction in which shares of one company are exchanged for shares of another company, often used in mergers and acquisitions.
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