Ask Question
BusinessBusiness
9 February, 21:52

The U. S. corporation Fun Toys, Inc. sets up a firm in China. The parent company remains in the United States and retains complete ownership of the China branch as well as complete authority and control over all phases of the operation. This isa) A distribution Agreementb) A wholey owned subsidery c) A joint ventured) direct exporting

+3
Answers (1)
  1. 10 February, 01:18
    0
    (A) A wholly owned Subsidiary

    Explanation:

    A wholly owned subsidiary is a company that is completely owned by another company called the Parent/Holding Company. The parent company will hold all (100%) of the subsidiary's common stock.

    A wholly owned subsidiary allows the parent company to diversify, manage, and possibly reduce its risk.

    Some of the disadvantages of a wholly owned subsidiary include the possibility of multiple taxation, lack of business focus, and conflicting interest between subsidiaries and the parent company if not properly managed.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “The U. S. corporation Fun Toys, Inc. sets up a firm in China. The parent company remains in the United States and retains complete ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
In what accounts should the following items be classified? (a) Coins and currency. (b) U. S. Treasury (government) bonds. (c) Certificate of deposit (matures in 5 months). (d) Cash in a bank that is in receivership.
Answers (1)
Wanda is considering selling two personal use assets that she owns. One has appreciated in value by $20,000, and the other has declined in value by $17,000.
Answers (1)
The labor force participation rate equals the A) (number of employed divided by the labor force) * 100. B) (labor force divided by the number of people not in the labor force) * 100. C) (labor force divided by working-age population) * 100.
Answers (1)
Characterize the following actions of a firm as financing, investing, or operating activities: Scenario Operating Activity Investing Activity Financing Activity __Sells a tract of land it has held for years __Increases its use of trade credit from
Answers (1)
Charles was the last person on his block to purchase a color television set, and that was in the 1980s. he just couldn't see the reason to purchase a new color television if his old one was working just fine.
Answers (1)
New Questions in Business
Repbulic LLC exchanged land used in its business for some new land to be used in the business. Republic LLC originally purchased the land it exchanged for $37,500. The new land had a fair market value of $39,750.
Answers (1)
Jacob chose to spend the afternoon swimming rather than going to the movies any value given up from not going to the movies is the
Answers (1)
In a survey of consumers aged 12 and older, respondents were asked how many cell phones were in use by the household. (no two respondents were from the same household.
Answers (1)
As a manager of a department store, you must deal with a variety of business transactions. Place the letter of each of the following transactions next to the effect it has on the accounting equation. a.
Answers (1)
A new opportunity arises for Quixote Metal Supply just before the holidays. A Request for Proposals (RFP) is distributed by the government seeking metal suppliers to fill a vacancy in the supply chain to build x-ray machines for airports across the
Answers (1)
Home » Business » The U. S. corporation Fun Toys, Inc. sets up a firm in China. The parent company remains in the United States and retains complete ownership of the China branch as well as complete authority and control over all phases of the operation.
Sign Up Forgot Password?