Which of the following statements regarding the consolidation method is false?

		Under the consolidation method, investors report equity securities with controlling influence using consolidated financial statements.
		The individual assets and liabilities of the parent and its subsidiaries are combined on one balance sheet.
		The revenues and expenses of the parent and its subsidiaries are combined on one income statement.
		The consolidation method is used for long-term investments in equity securities with controlling influence.
		When a company operates as a parent with subsidiaries, all entities combine their accounting records, but report separate statements of cash flows.