Corporate Law indirect, wholly owned subsidiary

[jlogan987]

Hi - wondering if anyone can give me layman's answers to the following questions:

1. What does it mean when a company is an "indirect, wholly owned subsidiary" of another company?

2. what are "non-attest assets" regarding a consulting and accounting corporation?

Thanks.

J

 

[seniorjudge]

Google is your friend

 

[jlogan987]

have searched extensively and found definitions of Wholly owned and Indirect separately, but not on "wholly-ownder, indirect"...wondering how you can be both. they seem contradictory...