oints, 2 Points Each) 1. Under U.S. GAAP, which of the following is a valid reason for a parent company to not consolidate a controlled subsidiary in financial reporting? a. The subsidiary is a foreign company. b. The subsidiary is in an entirely different line of business from the parent's. c. The parent does not own all of the voting shares of the subsidiary. d. The subsidiary is not organized as a corporation. e. (None of the above) 1