Company X holds a Minority Passive Holding (<20%, with no management input) in company Y, which of the following is true about Company X:

a) Cash should be discounted when valuing Company X.

b)	Nothing about Company Y is shown on Company Xs Balance Sheet.

c)	Only dividends from its holdings in Company Y are shown on Company Xs income statement.

d)	Company Y and Company X financial statements are consolidated.

e)	On Company Xs income statement, a share of net income (same share of investment) is shown in the income statements (below operating income line) from Company Y.