Melody Corporation Owns 51% of a Subsidiary, A-Plus Realty (A+)

Multiple Choice

Melody Corporation owns 51% of a subsidiary, A-Plus Realty (A+) , which maintains its own legal public entity and financial information. Considering the ownership stake of Melody in A+, which of the following statement is TRUE?

A) A+ reports individually, and Melody reports both sets of financial statements.
B) Melody and A+ report separately.
C) A+ reports individually, and Melody reports a set of consolidated financial statements.
D) Melody reports a consolidated set of financial statements for both entities.