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Stella [2.4K]
3 years ago
8

Which economic system emphasizes the private ownership of most factors of production

Business
1 answer:
denis-greek [22]3 years ago
4 0
It is known as the capitalism. Capitalism is a financial framework portrayed by private or corporate responsibility for merchandise, by ventures that are dictated by private choice, and by costs, generation, and the appropriation of products that are resolved primarily by rivalry in a free market.
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Answer:

structuralism

Explanation:

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3 years ago
In general, consolidated financial statements should be prepared a.when a corporation owns more than 50% of the common stock of
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Answer:

a.when a corporation owns more than 50% of the common stock of another company

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Many a times, a parent company holds stock in it's own subsidiary company. Consolidation refers to presentation of combined profitability of a group wherein a Parent Co holds majority of the common stock i.e more than 50% of the common stock in it's subsidiary.

Such a presentation presents the combined picture of a group and helps in better comprehension and understanding by the users of the financial statements.

If a parent owns 100% stock in it's subsidiary, such subsidiary is referred to as a wholly owned subsidiary.

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