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 is

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A wholly owned subsidiary is a type of business entity in which the parent company owns 100% of the subsidiary's shares. In this scenario, Fun Toys, Inc. has set up a firm in China and retains complete ownership and control, which is indicative of a wholly owned subsidiary.

The USCorporation Fun Toys,Inc