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Ocean Co. is considering purchasing a less than 100% interest in Malibu Corp. Ocean.s CEO has asked for your guidance in understanding the requirements for

Ocean Co. is considering purchasing a less than 100% interest in Malibu Corp. Ocean.s CEO has asked for your guidance in understanding the requirements for preparing consolidated financial statements. In a memo to the CEO, explain the criteria for determining the conditions under which Ocean Co. would consolidate an ownership interest in Malibu Corp.

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