Consolidated financial statements:

Multiple Choice

• 1 Show the financial statements of all entities under the parent’s control, including all subsidiaries.

• 2 Show the results of operations, cash flows, and the financial position of the parent only.

• 3 Show the results of operations, cash flows, and the financial position of the subsidiary only.

• 4 Include line items for investments in the subsidiaries on the balance sheet.

• 5 Do not include a balance sheet.