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Subsidiary: Quiz

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Question 1: In ________, for instance, the accounting standards defined the circumstances in which one entity controls another.
AustraliaUnited KingdomBarbadosCanada

Question 2: Examples include holding companies such as ________ as in this listing of its subsidiaries, Time Warner, or Citigroup; as well as more focused companies such as IBM, or Xerox Corporation.
Berkshire HathawayGEICOBurlington Northern Santa Fe CorporationDairy Queen

Question 3: The reason for this distinction is that a lone company cannot be a subsidiary of any organization; only an entity representing a ________ as a separate entity can be a subsidiary.
Common lawLegal fictionCorporationUnited Kingdom

Question 4: A subsidiary, in ________ matters, is an entity that is controlled by a separate higher entity.
Companies lawCorporate lawBusinessCorporation

Question 5: The controlled entity is called a company, ________, or limited liability company; and in some cases can be a government or state-owned enterprise, and the controlling entity is called its parent (or the parent company).
CorporationIncorporation (business)Corporate lawCompanies law

Question 6: Subsidiaries are separate, distinct legal entities for the purposes of taxation and ________.
BureaucracyAdministrative lawRulemakingRegulation







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