When are consolidated financial statements for a parent and subsidiary NOT required? Multiple Choice When the parent does not have control over the subsidiary. When the fiscal year ends of the two componies are not the same. When the subsidiary company is in a foreign country. Multiple Choice When the parent does not have control over the subsidiary. When the fiscal year ends of the two companies are not the same. When the subsidiary company is in a foreign country. Consolidated financial statements must always be prepared when the parent owns more than 50% of the voting shares the subsidiary