A corporation has a financial relationship with a limited partnership. It is most likely to include the accounts of the partnership in its financial statements (i.e., consolidate the partnership) if the corporation:

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Being the general partner often gives the corporation control over the partnership, including operational and investment decisions, which is a key criterion for consolidation in financial statements. Ownership of the majority of shares or having the largest capital balance might not grant control if those interests are as a limited partner, which typically does not have control over the partnership's operations.

A Corporation Has a Financial Relationship with a Limited Partnership