(TCO 1) The general rule dealing with a parent consolidating the financial results of a subsidiary, according to the lecture notes, is

if you have control, regardless of the percentage of ownership, you should consolidate the subsidiary.

if the parent owns more than 50% and has control over the subsidiary, the parent must consolidate.

if you own more than 50% of a subsidiary, you always consolidate.

if a company owns more than 50% of an investment or subsidiary, it always consolidates.