Asked by Chevelle Rhule on Jul 25, 2024
Verified
One corporation that owns all of the shares of another corporation is a subsidiary corporation .
Subsidiary Corporation
A corporation wholly owned by another corporation (the parent corporation).
Shares
Units of ownership interest in a corporation or financial asset that provide for an equal distribution in any profits, if any are declared, in the form of dividends.
- Understand the concept of a subsidiary corporation and the implications of ownership in corporate combinations.
Verified Answer
VU
Vanessa UrendaJul 30, 2024
Final Answer :
False
Explanation :
The corporation that owns all of the shares of another corporation is called the parent corporation, while the corporation whose shares are owned is referred to as the subsidiary corporation.
Learning Objectives
- Understand the concept of a subsidiary corporation and the implications of ownership in corporate combinations.
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