Which of the Following Statements About Consolidated Financial Statements Is

Which of the following statements about consolidated financial statements is true? Consolidated financial statements:

A) are useful to users because they provide information about the individual companies in the group.
B) must be prepared whenever an investor corporation owns shares in another company that they intend to hold for the long-term.
C) provide users with information about the whole entity but do not reflect a legal entity.
D) record all the assets and liabilities of all companies in the group at their book values.