Petron, a U.S. company, owns the majority of the voting stock of Sego. Petron consolidates Sego unless:

Question

Quizplus · Accepted Answer

Consolidation is generally not affected by the geographical location of the subsidiary, the alignment of its products or services with the parent company's primary focus, or the ownership structure of the non-majority shares. However, if a subsidiary like Sego is bankrupt, it might affect the ability or decision to consolidate, as the financial conditions and legal implications of bankruptcy can complicate consolidation processes.