1. GAAP requires the consolidation of two entities when:
a.	one acquires less than 20% equity ownership of the other.
b.	one companys ownership interest in another is between 20% and 50%.
c.	one acquires two thirds equity ownership in the other.
d.	one gains significant influence over the entity, irrespective of the equity percentage owned.

2. In contrast with single entity organizations, in preparing consolidated financial statements which of the following is a subtraction in the calculation of cash flows from operating activities under the indirect method?
The change in the balance sheet of the investee account.
Non-controlling interest dividends.
Non-controlling interest income expense.
Undistributed income of equity investees.