Margot Company owns a majority interest in Bremmer Company, which is located in Norway. Margot must:

Multiple Choice

• convert Margot Company's financial statements to the foreign currency for comparison purposes.

• convert Bremmer financial statements to U.S. dollars and include them in its consolidated statements.

• must issue separate financial statements for Bremmer Company.

• not include the results of Bremmer Company in its financial statements.