Depending on the level of ownership an entity has in a connected business, it may be termed as an affiliate, associate, or subsidiary of a parent company.
The accounting rule known as the "cost principle" states that any assets owned by a company will be valued at their original cost rather than the current market price.
Have a brilliant new idea you're confident will bring you fortune? Before putting their creation on the market, every inventor and artist should protect it by obtaining a patent, trademark, or copyright from the government.