The corporation that is owned by another corporation in a share exchange is known as a ________ corporation.

Name: The corporation that is owned by another corporation in a share exchange is known as a ________ corporation.
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Question

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A subsidiary corporation is one that is owned by another corporation, known as the parent company, through share exchange or controlling interest. This means that the parent company has the power to make decisions for the subsidiary company and hold a majority of its voting stock.

The Corporation That Is Owned by Another Corporation in a Share