Which of the Following Statements About the Direct Approach to Consolidation

Which of the following statements about the direct approach to consolidation is true?

A) It can be used for both simple and complex consolidations.
B) It is a more methodical and less intuitive approach than the worksheet approach.
C) The starting point for preparing the consolidated financial statements is the financial statements for each of the parent and subsidiary companies.
D) The starting point for preparing the consolidated financial statements is the trial balance for each of the parent and subsidiary companies.