The summary of significant accounting principles, a required part of the financial statement notes, must include a statement about the parent's consolidation policy.If an investor does not consolidate a significant majority-owned subsidiary, the notes will disclose that fact.

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The summary of significant accounting principles must include a statement about the parent's consolidation policy, and if a majority-owned subsidiary is not consolidated, the notes will disclose that fact.

The Summary of Significant Accounting Principles, a Required Part of the Financial