West,Inc. ,is a domestic corporation.It owns 100% of Texas,Inc. ,a domestic corporation,100% of Paris,a foreign corporation,and 35% of Iowa,Inc. ,a domestic corporation.Which entities income will be included in West's combined financial statement? How would your answer change if West instead owned 15% of Iowa?

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The Answer of West,Inc. ,is a domestic corporation.It owns 100% of Texas,Inc. ,a domestic corporation,100% of Paris,a foreign corporation,and 35% of Iowa,Inc. ,a domestic corporation.Which entities income will be included in West's combined financial statement? How would your answer change if West instead owned 15% of Iowa?

West,Inc ,Is a Domestic Corporation