WHOLLY OWNED SUBSIDIARY Definition

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WHOLLY OWNED SUBSIDIARY is an entity whose parent owns virtually 100% of its common stock.

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INTEGRATED TEST FACILITY is where a fictitious unit, e.g., an employee or department, is established to where sample transactions are posted to the dummy unit during the normal processing cycle. If test transactions are processed correctly that provides evidence that transactions of other units are processed correctly as well.

EOY is End Of Year.

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