Control is usually assessed over a legal entity, but also may exist at the level below the legal entity, referred to as a silo, and, as a result, in the consolidation of specific assets and liabilities, not only the entire legal entity.

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Control can exist at levels below a legal entity, such as a silo, allowing for the consolidation of specific assets and liabilities rather than the entire legal entity, reflecting the substance of the control relationship.

Control Is Usually Assessed Over a Legal Entity, but Also