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Company Pea Owns 90 Percent of Company Essone Which in Turn

Question 35

Multiple Choice

Company Pea owns 90 percent of Company Essone which in turn owns 80 percent of Company Esstwo.Company Esstwo owns 100 percent of Company Essthree.Consolidated financial statements should be prepared to report the financial status and results of operations for:


A) Pea.
B) Pea plus Essone.
C) Pea plus Essone plus Esstwo.
D) Pea plus Essone plus Esstwo plus Essthree.

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