Companies often want to avoid consolidating their investments in other companies on their balance sheets. The usual reason is that:

a .Consolidated debt as a percentage of total assets is often higher than the company's separate debt as a percentage of total assets.

b. Consolidated total assets are often lower than the company's separate total assets.

c. Consolidated net income is often lower than the company's separate net income.

d. Consolidated return on equity is often lower than the company's separate return on equity.