Homework Answers
The Answer is 3rd choice
Reason:
Legally, the parent and subsidery companies are considered as seperate legal entity. And on the finacial year end, The accounts of the both will binded and the accounting will be one
Lets look why ohers are wrong
In First option its saying that, its one legal entity. Its wrong.2nd tells that its seperate business and one ownership, its also wrong, we cannote say that the ownership of both are same. if one have 51 % share on other, their will be a parent subsidery relation. And the fourth option also wrong..
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