0
A subsidiary institution is a company or organization that is controlled by a parent company, typically through majority ownership of its shares. It operates as a separate legal entity but is subject to the strategic direction and oversight of the parent company. Subsidiaries can help businesses expand their market reach, diversify operations, and manage risks by operating in different regions or sectors.
What else can I help you with?
Is Green Tree Financial Corporation a subsidiary of Bank of America?
Was told by a BofA rep that it was a subsidiary.
What is the Citibank bankruptcy address?
Citibank, as a financial institution, does not have a bankruptcy address since it is not currently in bankruptcy. If you are looking for information related to a specific bankruptcy case involving a Citibank customer or subsidiary, please provide more details. For general inquiries, you can contact Citibank's customer service for assistance.
How is subsidiary ledger different to the general ledger?
A subsidiary ledger is a group of similar accounts whose combined balances equal the balance in a specific general ledger account. The general ledger account that summarizes a subsidiary ledger's account balances is called a control account or master account. For example, an accounts receivable subsidiary ledger (customers' subsidiary ledger) includes a separate account for each customer who makes credit purchases. The combined balance of every account in this subsidiary ledger equals the balance of accounts receivable in the general ledger. Posting a debit or credit to a subsidiary ledger account and also to a general ledger control account does not violate the rule that total debit and credit entries must balance because subsidiary ledger accounts are not part of the general ledger; they are supplemental accounts that provide the detail to support the balance in a control account.
What is the transfer of subsidiary stock to the parent company n a pro rata basis?
The transfer of subsidiary stock to the parent company on a pro rata basis refers to the distribution of shares from the subsidiary to the parent in proportion to the parent’s existing ownership stake. This means if the parent holds a certain percentage of the subsidiary, it will receive an equivalent percentage of the total shares being transferred. This process maintains the parent company's ownership percentage in the subsidiary while facilitating the transfer of assets or equity. Such transactions are typically governed by corporate governance rules and regulations.
What company owns Citibank?
Citibank is a subsidiary of Citigroup
What is subsidiary bank of offshore bank unit?
A subsidiary bank of an offshore bank unit refers to a banking institution that operates under the regulatory framework of an offshore banking jurisdiction but is owned or controlled by a parent bank or financial institution. This subsidiary can provide a range of banking services, often with favorable tax conditions and regulatory advantages, catering primarily to international clients. By establishing a subsidiary, the parent bank can expand its global reach and offer specialized services without being subject to the same regulations as domestic banks.
Is Duke University a publicly traded company or a subsidiary of a company listed on a recognized or approved stock exchange?
No, Duke University is a private institution chartered by the State of North Carolina.
What is a subsidiary account?
A subsidiary account is an account that is found in the subsidiary ledger. It is used to summarize the control account.
What is another word for subsidiary?
What is another word for subsidiary?
Which company is a subsidiary of Renault?
Nissan is a subsidiary of Renault.
What does subsidiary mean?
Subsidiary means: 1. a.) furnishing aid or support (ex: subsidiary details) 1. b.) of secondary importance (ex: subsidiary stream) 2.) of, relating to, or constituting a subsidy (ex: a subsidiary payment to an ally)
What is the plural form of subsidiary?
Subsidiaries is the plural form of subsidiary.
What is the plural forms subsidiary?
Subsidiaries is the plural form of subsidiary.
What the plural for subsidiary?
The plurals form for the noun subsidiary is subsidiaries.
What is an ultimate parent company?
An ultimate parent company considered as a parent company of a subsidiary entity, and the subsidiary entity has its subsidiary entity.
Do you use hyphen in majority-owned subsidiary?
majority-owned subsidiary
Example of foreign subsidiary?
IBM and Walmart..... biggest example of foreign subsidiary
