subsidiary

6+ What is a Wholly Owned Subsidiary? Definition & More

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wholly owned subsidiary definition

6+ What is a Wholly Owned Subsidiary? Definition & More

A company structure where one company, known as the parent, owns 100% of the stock or equity in another company. This relationship gives the parent company complete control over the subsidiary’s operations and assets. For example, if Company A acquires all outstanding shares of Company B, Company B becomes the wholly owned subsidiary of Company A.

This structure offers several advantages, including streamlined decision-making processes, greater control over intellectual property and branding, and the potential for tax benefits depending on the jurisdictions involved. Historically, this model has been utilized for expansion into new markets, diversification of business activities, and consolidation of market share within specific industries. The complete ownership eliminates potential conflicts of interest between shareholders and allows for full integration with the parent company’s strategic goals.

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8+ Subsidiary Ledger Definition: Explained Simply

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definition of subsidiary ledger

8+ Subsidiary Ledger Definition: Explained Simply

A detailed record supporting a general ledger control account is termed a subsidiary record. It provides a breakdown of the individual components that make up the balance of a control account in the general ledger. For instance, an accounts receivable control account in the general ledger might be supported by individual customer accounts detailing each customer’s outstanding balance. Similarly, an accounts payable control account could be supported by individual vendor accounts.

The use of these detailed records offers numerous advantages. It allows for a more granular view of specific account balances, facilitating better monitoring and control. It simplifies the process of locating and correcting errors. Moreover, the use of these records enhances the audit trail, making it easier for auditors to verify the accuracy of financial statements. Historically, these records were maintained manually in physical ledgers, but now are commonly managed within accounting software systems, improving efficiency and accuracy.

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9+ Ag Subsidiary Motion Definition: Farm Guide

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subsidiary motion definition agriculture

9+ Ag Subsidiary Motion Definition: Farm Guide

Within the context of parliamentary procedure, a secondary proposal serves to modify or dispose of a main motion. Its purpose is not to introduce new subjects but rather to assist the assembly in dealing with the primary issue at hand. Examples include motions to amend, postpone, refer to a committee, or lay on the table. In agricultural organizations, these procedural tools can be crucial for managing discussions and making informed decisions on important matters.

The effective use of these motions allows for efficient deliberation and can prevent gridlock during meetings. By enabling members to fine-tune proposals, gather further information, or delay consideration until a more opportune time, these motions contribute to a more democratic and productive environment. Historically, adoption of these procedural rules has strengthened member participation and the overall governance of agricultural associations, cooperatives, and other relevant bodies.

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