Which of the Following Statements Is False in Regards to the Consolidation

Which of the following statements is false in regards to the consolidation of financial statements?

A) GAAP and IFRS have different consolidation requirements.
B) Under GAAP,completion of consolidated financial statements occurs when a parent company has control over another company.
C) Under GAAP,a parent company may own less than 50% of the voting shares of another company yet still qualify to consolidate financial statements.
D) Under GAAP,consolidation is generally restricted to situations where a parent company has control of over 20% of the voting shares of another company.
E) Under GAAP,there are circumstances when a parent company owns a majority of the voting stock of another company but does not prepare consolidated financial statements.