Answer these questions about consolidation accounting 1. Define parent company Define subsidiary company 2. How do consolidated financial statements differ from the financial statements of a single company 3. Which company's name appears on the consolidated financial statements? How much of the subsidiary's shares must the parent own before using consolidated statements ? 1. Define parent company Define subsidiary company A parent company is a corporation that owns more than a corporation interest in another company A subsichoy compariy is a company that is by another 20% 25% 50% 60%