Multiple Choice
Arkin, Inc., owns 90 percent of the outstanding stock of Baldwin Company. Curtis, Inc., owns 10 percent of the outstanding stock of Baldwin Company. On the consolidated financial statements of Arkin, Curtis should be considered as
A) A holding company
B) A subsidiary not to be consolidated
C) An affiliate
D) A noncontrolling interest
Correct Answer:
Verified
Correct Answer:
Verified
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