According to U.S. GAAP, when should the financial information of Company A and Company B be consolidated on one balance sheet?
A) Company A owns 100% of the voting stock of Company B.
B) Company A controls the decisions made by Company B's managers.
C) Company A owns over 50% of the voting stock of Company B.
D) Company A's managers have the majority of the seats on Company B's Board of Directors.
Correct Answer:
Verified
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