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Company Pea owns 90% of Company Essone which in turn owns 80% of Company Esstwo. Company Esstwo owns 100% of Company Essthree. Consolidated financial statements

Company Pea owns 90% of Company Essone which in turn owns 80% of Company Esstwo. Company Esstwo owns 100% of Company Essthree. Consolidated financial statements should be prepared to report the financial status and results of operations for

a) Pea.

b) Pea plus Essone.

c) Pea plus Essone plus Esstwo.

d) Pea plus Essone plus Esstwo plus Essthree.

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