LULUd. consolidated net income will be JD60,000 less than it would had the sale not occurred. consolidated net income will be JD54,000 less than it would had the sale not occurred. consolidated net income will be JD60,000 greater than it would had the sale not occurred. 16. A parent corporation owns 75% of the outstanding voting common stock of one subsidiary. The parent has control over the subsidiary. Discuss why the parent corporation must prepare consolidated financial statements. (2 points) Enter your answer Submit This content is created by the owner of them. The data you submit will be sent to the form owner Microsoft is not posible for the privacy or security practices of its customers, including those of this form owner. Never give out your word Powered by Microsoft Forms Privacy and Terms of use 10 o