Minnie Inc. purchased 70% of the common stock of Pluto Co. in a stock-for-stock transaction on January 1, Year 1. Which of the following statements regarding the preparation of Minnie Inc.'s consolidated financial statements is most accurate? The consolidated financial statements can be prepared using either the acquisition method or the pooling-of-interests method. The consolidated income statement will include 70% of Pluto Co.'s revenues and expenses. The consolidated balance sheet will include noncontrolling interest in Pluto equal to the fair value of Pluto multiplied by 70%. The noncontrolling interest in the net assets of Pluto recorded on the consolidated balance sheet will be shown as a separate line item in the equity section of the balance sheet