There is no adjustment to the investment in Stanley corporation for the change from the fair-value method to the equity method on January 1, 2021.
A legal entity is an organization (usually a group of people or a legal entity) authorized by the State to act as a single entity and legally recognized as such for a specific purpose. Early incorporated entities were established by charter. Most jurisdictions now permit the formation of new companies by registration.
A corporation is a form of business organization that is also a legal entity separate from its owner. All companies are companies, but not all companies are necessarily companies.
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