Under GAAP, a parent company should exclude a subsidiary from consolidation if:

a It measures income from the subsidiary under the equity method

b The subsidiary is in a regulated industry

c The subsidlary is a foreign entity whose books are recorded in a foreign currency

d The parent and the subsidiary are under common control

The FASB's primary motivation for requiring consolidation of all majority$-$owned subsidiaries was to:

a Ensure disclosure of all loss contingencies

b Prevent the use of off$-$balance sheet financing

c Improve comparability of the statements of cash flows

d Establish criteria for exclusion of finance and insurance subsidiaries from consolidation