When one company buys a controlling interest in another company on April 1 tassuming a calendar year). How should the pre-acquisition subsidiary revenues and expenses be disclosed in the consolidated balances for the year of acquisition? Select one A Only post acquisition revenues and expenses are included in consolidated totals. It is combined with parent company income statement balances Cosed in consolidated retained earnings Only post action revenues and expenses are included in consolidated totals on the financial statements, however, the revenue and earnings of the combined entity for the current reporting period as though the acquisition date for all business combinations that occurred during the year had been as of the beginning of the annual reporting period are included in supplemental pro forma information When one company buys a controlling interest in another company on April 1 (assuming a calendar year). How should the pre-acquisition subsidiary revenues and expenses be disclosed in the consolidated balances for the year of acquisition? Select one: A Only post-acquisition revenues and expenses are included in consolidated totals. B. It is combined with parent company income statement balances Citis disclosed in consolidated retained earnings D. Only post-acquisition revenues and expenses are included in consolidated totals on the financial statements, however, the revenue and earnings of the combined entity for the current reporting period as though the acquisition date for all business combinations that occurred during the year had been as of the beginning of the annual reporting period are included in supplemental pro forma information