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A parent company need not consolidate a subsidiary for financial reporting purposes if: The subsidiary operates in a country different from that of the parent.
A parent company need not consolidate a subsidiary for financial reporting purposes if: The subsidiary operates in a country different from that of the parent. A noncontrolling interest holds of the subsidiary's outstanding common stock. It is in legal reorganization. The subsidiary's operations differ greatly from those of the parent. 
A parent company need not consolidate a subsidiary for financial reporting purposes if:
The subsidiary operates in a country different from that of the parent.
A noncontrolling interest holds of the subsidiary's outstanding common stock.
It is in legal reorganization.
The subsidiary's operations differ greatly from those of the parent.
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