Under the Purchase Method of Accounting for Business Combinations,which of the Following

Multiple Choice

Under the purchase method of accounting for business combinations,which of the following statements is false about consolidated financial statements?

A) Holding control of a subsidiary provides the parent with an indivisible interest in that company
B) Consolidated financial statements are produced primarily for the benefit of the parent company stockholders
C) The non-controlling interest is calculated at book value amounts
D) A portion of the subsidiary net assets is valued at book value and a portion is valued at fair value
E) All of the subsidiary net assets are valued at fair value