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Company A has 40% of Company B and 20% of Company C. However, the remaining shares of Company B are traded on the stock market.

Company A has 40% of Company B and 20% of Company C. However, the remaining shares of Company B are traded on the stock market. Company B also has 42% of Company C. Company C is a 51% shareholder of Company D. Company A also has a 32% minority stake in E Company. Which companies will cover a consolidated balance sheet to be prepared for Company A? Explain for reasons.

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