An Investor Prepares a Single Set of Financial Statements Which

Multiple Choice

An investor prepares a single set of financial statements which encompasses the financial results for both it and its investee because:

A) ​The investor has a controlling interest in its investee.
B) ​The investor has a passive interest in its investee.
C) ​The investor has an influential interest in its investee.
D) ​The investor has an active interest in its investee.