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The Brookhaven Company is the parent company of two subsidiaries: an HMO and an insurance company. The headings on Brookhaven's financial statements read "Consolidated Financial Statements of Brookhaven Company." From the following answer choices, select the response that correctly indicates, under the entity concept, whether the HMO and the insurance company are accounted for as separate entities and whether the subsidiaries' financial results would be included in Brookhaven's consolidated financial statements.
Composite Volcano
A common type of volcano constructed of alternating layers of lava, pyroclastic deposits, and mass-wasting deposits, including mudflows; synonym: stratovolcano.
Pyroclastic Deposits
Accumulations of volcanic material ejected during an eruption, including ash, bombs, and blocks.
Composite Volcano
A volcano built by both lava flows and pyroclastic eruptions, typically featuring steep profiles and explosive activity.
Shield Volcano
A broad, domed volcano with gently sloping sides, primarily formed by the eruption of low-viscosity lava.
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