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A parent company must prepare consolidated financial statements when a corporation owns more than 50% of the common stock of another company when a corporation

A parent company must prepare consolidated financial statements

when a corporation owns more than 50% of the common stock of another company

when a corporation owns more than 20% and less than 40% of the common stock of another company

only when a corporation owns 100% of the common stock of another company

whenever the market value of the stock investment is significantly lower than its cost

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