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Muttonbird Inc. has 90% ownership of Beach Company, but should exclude Beach from its consolidated financial statements if a. Beach is in a regulated industry.

Muttonbird Inc. has 90% ownership of Beach Company, but should exclude Beach from its consolidated financial statements if a. Beach is in a regulated industry. b. Muttonbird uses the equity method for Beach. c. Muttonbird expects to sell Beach within a year. d. Beach is in a foreign country and records its books in a foreign currency.

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