Consolidated Statements for X, Y, and Z Are Proper If

Multiple Choice

Consolidated statements for X, Y, and Z are proper if

A) ​X owns 100% of the outstanding common stock of Y and 49% of Z; M owns 51% of Z.
B) ​X owns 100% of the outstanding common stock of Y and 75% of Z; X bought the stock of Z one month before the statement date and sold it 6 weeks later.
C) ​X owns 100% of the outstanding stock of Y; Y owns 75% of Z.
D) ​There is no interrelation of financial control among X, Y, and Z; however, they are contemplating the joint purchase of 100% of the outstanding stock of D.