5. On what basis may a subsidiary be excluded from consolidation?

a) the activities of the subsidiary are dissimilar to the activities of the rest of the group.

b) the subsidiary was acquired with the intention of reselling it after a short period of time.

c) the subsidiary is based in a country with strict exchange controls, which make it difficult for it to transfer funds to the parent.

d) there is no basis on which a subsidiary may be excluded from consolidation.