_____ Paxco, a Publicly Owned Company, Controls Saxco (Parent Created)

Multiple Choice

_____ Paxco, a publicly owned company, controls Saxco (parent created) . Consolidation of Saxco is not required if

A) Paxco has decided to sell Saxco.
B) Paxco is actively trying to sell Saxco and has several offers that it is considering.
C) Saxco has been sold under a pending contract of sale for which the closing date (payment of purchase price and transfer of property) is to be made 40 days after Paxco's year-end.
D) a, b, and c.
E) Saxco must be consolidated right up until the date of sale.