If a subsidiary has both common and preferred stock outstanding, a parent must own a controlling interest in: both the subsidiary's common and preferred stock to justify consolidation. the subsidiary's common stock to justify consolidation. the subsidiary's common stock and at least 20% of the subsidiary's preferred stock to justify consolidation. the subsidiary's common stock and more than 50% of the subsidiary's preferred stock to justify consolidation. Previous Skip Save & Next rer: 2.0. 29 ! 13 Hov,201777367712-38104 PM MST