A fee is payment for the professional services or knowledge that the parent firm or another subsidiary provided to a foreign subsidiary.
When accounting for a corporate combination, the accounting standard FRS 6 established requirements for utilizing either merger accounting or acquisition accounting. The Accounting Standards Board released it in September 1994, and in June 2009, it was revised.
Salary, short-term incentives (STIs or bonuses), long-term incentive programs (LTIPs), perks, paid costs, and insurance are the six fundamental types of remuneration. Bonuses are typically discretionary and given after the fact; short-term incentives are typically formula-driven.
To know more about foreign subsidiary visit:-
https://brainly.com/question/29349228
#SPJ4