QUESTION 14 All of the following statements regarding accounting for equity investments with controlling influence are true except: O The parent uses the consolidation method. Consolidated financial statements show the financial statements of all entities under the parent's control, including all subsidiaries. The controlling investor is called the parent. An investor who owns more than 50% of a company's voting stock has control over the investee. These investments are accounted for using fair values with unrealized gains and losses reported in other comprehensive income. O OOO O