Which of the following accurately reflects the accounting for non-consolidated subsidiaries in Japan?
A) Cross-holdings of related companies makes it difficult to identify a parent company.
B) Japanese companies are not permitted to use the equity method.
C) Keiretsu relationships usually have a bank as the major shareholder in related companies.
D) Earnings and assets of Japanese companies tend to be overstated due to the inclusion of group members in consolidated financial statements.
Correct Answer:
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