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Glacial Co. has the following equity investments. BLS Stock-Owns 94% of the voting common stock and has controlling influence. umuzok Stock-Owns 2% of the voting

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Glacial Co. has the following equity investments. BLS Stock-Owns 94% of the voting common stock and has controlling influence. umuzok Stock-Owns 2% of the voting common stock and has insignificant influence. Wulmurk Stock-Owns 45% of the voting common stock and has significant influence. (a) Which of the following companies would be considered a subsidiary of Glacial? O BLS umuzok o Wulmurk (b) How are individual assets and liabilities of the parent and its subsidiary(ies) reported? O Combined on one consolidated balance sheet. O At Fair Value on separate balance sheets. At Cost on separate balance sheets. Combined on one consolidated Income statement

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