ni Answer these questions about consolidation accounting: 1. Define parent company. Define subsidiary company 2. How do consolidated financial statements differ from the financial statements of a single company? 3. Which company's name appears on the consolidated financial statements? How much of the subsidiary's shares must the parent own before using consolidated statements? 1. Define parent company. Define subsidiary company A parent company is a corporation that owns more than a corporation Interest in another company. A subsidiary company is a company that is by another