Consolidated financial statements are prepared when a company owns ________ of the common stock of another company.
A)between 20% and 50%
B)50% or more
C)more than 50%
D)more than 90%

Question

Quizplus · Accepted Answer

Consolidated financial statements are prepared when a company owns more than 50% of the common stock of another company, indicating control over the subsidiary.

Consolidated Financial Statements Are Prepared When a Company Owns ________