The Parent Company Concept of Consolidation Represents the View That

Multiple Choice

The parent company concept of consolidation represents the view that the primary purpose of consolidated financial statements is:

A) to provide information relevant to the controlling stockholders.
B) to represent the view that the affiliated companies are a separate, identifiable economic entity.
C) to emphasis control of the whole by a single management.
D) to include only a portion of the subsidiary's assets, liabilities, revenues, expenses, gains, and losses.