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Company A owns 55% of the common shares of Company B. According to accounting rules... a) Company A would be required to consolidate Company B's
Company A owns 55% of the common shares of Company B. According to accounting rules... a) Company A would be required to consolidate Company B's financial statements. b) Company A would not be required to consolidate Company B's financial statements, but could elect to if it so chose. c) Company A would not be required to consolidate Company B's financial statements, but would be required to do so if Company B so chose. d) Company would not be required to consolidate Company B's financial statements unless government regulators required it to
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