Which of the following is correct?

Select one:

a.

No consolidation working paper entry is required for this transaction in 20X1

b.

A consolidation working paper entry is required only if the subsidiary was less than 100% owned in 20X1

c.

A consolidation working paper entry is required each year that Sub has the land

d.

A consolidated working paper entry was required only if the land was held for resale in 20X1