If a 100%-owned subsidiary uses push-down accounting, which of the following statements is true? The subsidiary will record the noncontrolling interest on its own separate books. O The subsidiary will increase its retained earnings to account for any assets whose fair values are higher than book values. Consolidated totals will differ, depending on whether the subsidiary chooses to apply push-down accounting or not. Fewer consolidation entries will be necessary, compared with a subsidiary who does not use push-down accounting