_____ a Valid Reason for Not Consolidating a Subsidiary Is

Multiple Choice

_____ A valid reason for not consolidating a subsidiary is

A) The subsidiary is a finance subsidiary of a manufacturing parent.
B) The parent has a "hands off" decentralized operating philosophy and therefore does not take an active role in the day-to-day management of the subsidiary's operations.
C) The subsidiary never declares dividends.
D) The subsidiary is effectively managed by a foreign government.
E) None of the above.