_____ Parco, a publicly owned company, could properly not consolidate Sarco, which is
A) Controlled only by having a majority voting interest and unable to distribute dividends because of long-term currency transfer restrictions imposed by a foreign government.
B) Controlled only by having a majority voting interest and has recently emerged from bankruptcy proceedings.
C) Controlled by means other than by having a majority voting interest.
D) Controlled only by having a majority voting interest and has total assets that are less than 10% of the parent's total assets and earnings, respectively.
E) None of the above.
Correct Answer:
Verified
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