Which of the Following Statements Regarding the Proprietary Concept of Consolidation

Multiple Choice

Which of the following statements regarding the proprietary concept of consolidation is FALSE?

A) The proprietary concept is sometimes referred to as proportional consolidation or pro rata consolidation.
B) The group consists of the assets and liabilities of the parent and the parent's proportional share of the assets and liabilities of the subsidiary.
C) The consolidated financial statements include all the net assets of a subsidiary.
D) As the NCI is outside the group, the NCI share of subsidiary equity is not disclosed.