Which of the Following Statements Is Not Correct

Multiple Choice

Which of the following statements is not correct?

A) A group comprises a parent and all of its subsidiaries.
B) Consolidated financial statements are financial statements of a group of entities presented as if that group was acting as a single economic entity.
C) A subsidiary is an entity that is controlled by another entity.
D) A parent is an entity that has more than one subsidiary.
E) None of the given answers; they are all correct statements.